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The following events were compieted by Dona's imports in September, Year 1 Sept. I Acquired 553,060 cash fron the issue of coreon stock. 1. Purchased 534,56e of aerctandive on account with terrs 2 2.16, whe. 5. Pa1d ssse cash for freight to obtain nerchondise punchased on septerber 1. 3 sold merchandise that cost \$12,25e to customers for 117,500 on account, with teres 2/10, nge. fo Returned 52.95e of defective arechandise fros the septenber a purchasse to the sripplien. 16 . Faid cash for the belective due on the merchandise purchesed on septenber 1. period. 30 Pain $3,48e cash for selling expenses. Required. 6. Record eoch event in a statements mobet lake the following one. In the Cash Fiow column, use on to designate operating activityi is for investment activity. FA for tinancing activity, or NC for net change in coen. If the element is not atfected by the event, leave the cell biank. The first event is recorded as an examsle b. Prepare an income stalement for the month ending September 30 . c. Prepare a sastement of casn Hows for the menth endeng Septeraber 30 . Compiete this question ty entering your answers in the tabs below. and tash outflowe weth a minus wighi.) The following events were completed by Dana's Imports in September. Year 1 : Sept. I Acquired $53,600 cash from the issue of common stock. 1 Purchased $34,560 of merchandise on account with terms 2/10,n/30. 5 Paid $950 cash for freight to obtain merchandise purchased on september 1. 8 Sold merchandise that cost $12,250 to customers for $17,56e on account, with terms 2/10,n/30. 8 Returned $1,856 of defective merchandise from the septenber 1 purchase to the supplier. 10 Paid cash for the balance due on the merchandise purchased on Septenber 1 . 20 Received cash from customers of september 8 sale in settlement of the account balances, but not within the discoui period. 30 Paid $3,460 cash for selling expenses. Requlred a. Record each event in a statements model like the following one. In the Cash Flow column, use OA to designate operating actin for investment activity. FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave cell blank. The first event is recorded as an example. b. Prepare an income statement for the month ending September 30 . c. Prepare a statement of cash flows for the month ending September 30 . Complete this question by entering your answers in the tabs below. Prepare an income statement for the month ending September 30 . The following events were completed by Dana's imports in September. Year 1 : Sept. 1 Acquired $53, eee cash from the issue of comnon stock. 1. Purchased 534,500 of merchandise on account with terms 2/10,n/30. 5 Paid $950cash for freight to obtain nerchandise purchased on september 1. 8 . Sold merchandise that cost $12,250 to custoners for $17,508 on account, with terns 2/18, n/30. 8 Returned $1,050 of defective merchandise from the September 1 purchase to the supplier. 10 Paid cash for the balance due on the merchandise purchased on september 1. 20 reccived cash from customers of septenber 8 sale in settlement of the account balances, but not within the discount period. 30 Paid $3,40e cash for selling expenses. Required 6. Record each event in a statements model like the following one In the Cash Flow column, use OA to designate operating activity. IA for investment activity. FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell biank. The first event is recorded as an example. b. Prepare an income statement for the month ending September 30 . c. Prepare a statement of cash flows for the month ending September 30 . Complete this question by entering your answers in the tabs below