Pizza Express Incorporated began the Year $2$ accounting period with $$9,500$ cash, $$6,500$ of commor stock, and $$3,000$ of retained earnings. Pizza Express was affected by the following accounting events during Year $2$:

Purchased $$11,500$ of supplies on account.

Earned and collected $$27,000$ of cash revenue.

Paid $$10,000$ cash on accounts payable.

Adjusted the records to reflect the use of supplies. A physical count indicated that $$2,600$ of supplies was still on hand on December $31,$ Year $2.$

Required

a$.$ Show the effects of the events on the financial statements using a horizontal statements model. In the Statement of Cash Flows column, use OA to designate operating activity, FA for financing activity, IA for investing activity, and NC for net change in cash. If the element is not affected by the event, leave the cell blank. The beginning balances have been entered as an example.

Note: Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require entry.