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Please help me solve step by step. Brice Company completed the following transactions in Year 1, the first year of operation. 1. Issued 40,000 shares

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Brice Company completed the following transactions in Year 1, the first year of operation. 1. Issued 40,000 shares of no-par common stock for $15 per share. 2. Issued 10,000 shares of $25 par, 5 percent, preferred stock for $25 per share. 3. Paid a cash dividend of $12,500 to preferred shareholders. 4. Issued a 10 percent stock dividend on no-par common stock. The market value at the dividend declaration date was $20 per share. 5. Later that year, issued a 2 -for-1 split on the shares of outstanding common stock. The market price of the stock at that time was $60 per share. 6. Produced $200,000 of cash revenues and incurred $92,000 of cash operating expenses. 7. Closed the revenue, expense, and dividend accounts to retained earnings. lequired . Record each of these events in a horizontal statements model like the following one. lote: Enter amounts to be deducted and cash outflows with a minus sign. In the Statement of Cash Flows column, ndicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells require nput

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