please answer every section and provide section a) by filling out the horizontal statements model. please answer every question

The following transactions apply to Oklahoma Corp, for 2018: 1. The business was started when Oklahoma Corp, received $422,500 from the issue of common stock. 2. Purchased $1,235,000 of merchandise on acoount. 3. Sold merchandise for $1,560,000 cash (not including sales tax). Sales tax of is collected when the merchandise is sold. The merchandise had a cost of 5942,500 Good idea to split this into two accounfing entries - think chapter 3 . Hint : 3a and 36 4. Provided a six-month warranty on the merchandise sold. Based on industry estimates; the warranty payable claims would amount to 3% of merchandise sales excluding sales tax. Think of it as a contingent liability 5. Paid the sales tax of to the state agency on $1,040,000 of the sales, (not the entire amount) 6. On September 1, 2018, borrownd $162,500 from the local bank. The note had a 7 Paid annual intecest rate and matures on August 31, 2019. $894,000 of accounts payable. 8 Paid 9 Paid $26,000 for wartanty ropairs during the yoar. This is the payment of warranties payable. 10. Recorded accrued interest posyete at in operating expenses for the year. REQUIRED a. Record the above transactions in a horizontal statements model. Students wil have to renarne asset accounts in the modol to accommodale the 5 liablity accounts in probiem. b. Prepare the income statement, balance sheet, and statement of cash flows for 2018. c. What is the total amount of current liablities at Decomber 31,2018