please answer both

Exercise 3-6A (Algo) Purchase discounts and purchase returns LO 3-2, 3-3 On April 6, Home Furnishings purchased $37,000 of merchandise from Una's imports, terms 2/10,n/45. On Apni 8, Home Fumishings returned $7,800 of the merchandise to Una's imports for credit. Home Furnishings paid cash for the merchandise on April 15. Required: a. What is the amount that Home Furnishings must poy Uno's imports on April 15 ? b. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classily the cash flows as operating activities (OA), investing activities (A), or financing activities (FA). c. How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 20 ? d. Record the payment for the merchandise in Requirement (c) in the horizontal financial statements model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA) Exercise 3-3A (Algo) Effect of inventory transactions on financial statements: Perpetual system LO 3-1 Dan Watson started a small merchandising business in Year 1. The business experienced the following events during its first year of operation, Assume that Watson uses the perpetual inventory system. 1. Acquired $30,500 cash from the issue of common stock. 2. Purchased inventory for $24,400 cash. 3. Sold inventory costing $18,600 for $30,500 cash. Required: a. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More speciffally, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). b. Prepare an income statement for Year 1 (use the multistep format). c. What is the amount of total assets at the end of the period