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Monroe incorporated began the Year 2 accounting period with $4,400 cash, $2,200 of common stock, and $2,200 of retained earnings. The compony was affected by the following accounting events reloted to the purchase of supplies during Year 2 . 1. Purchased $840 of supplies on account. 2. Adjusted the records to reflect the use of supplies. A physical count indicated that $320 of supplies was still on hand on December 31, Year 2 Required: Show the effects of the events on the financial statements using a horizontal statements model. The beginning balances arp entered for you. Note: In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for net change in cash. Enter any decreases to account balances and cash outflows with a minus sign, Not all cells require input leave cells blank if there is no corresponding input needed