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please finish the sheets The beginning account balances for Terry's Auto Shop as of January 1, Year 2, follow: Account Titles Beginning Balances Cash $6,

please finish the sheets

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The beginning account balances for Terry's Auto Shop as of January 1, Year 2, follow: Account Titles Beginning Balances Cash $6, 180 Inventory 3, 190 Common Stock 7,320 Retained Earnings 2, 050 The following events affected the company during the Year 2 accounting period: 1. Purchased merchandise on account that cost $4,150. 2. The goods in Event 1 were purchased FOB shipping point with freight cost of $215 cash. 3. Returned $445 of damaged merchandise for credit on account. 4. Agreed to keep other damaged merchandise for which the company received a $205 allowance. 5. Sold merchandise that cost $2,550 for $4,830 cash. 6. Delivered merchandise to customers in Event 5 under terms FOB destination with freight costs amounting to $100 cash. 7. Paid $2,970 on the merchandise purchased in Event 1.TERRY'S AUTO SHOP Assets Effect of Events on the Financial Statements Events Liabilities Cash + Inventory Accounts Stockholders' Equity Beg. Bal. Payable + Common + Stock + Retained 1 . S Accounts Titles for Retained + Earnings + Earnings 2. S + + 3. S + 4 4. S + + 5a. S + 5b. + + + 6. S + + + 7. S + End Bal. S + + S +\fPrepare a statement of cash flows. (Amounts to be deducted sho TERRY'S AUTO SHOP Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flow from operating activities: Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities: Net change in cash Ending cash balance

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