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( Please use the table.sheet below to answer and fill in answers in the areas they belong to on the table / sheet ) Milo

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(Please use the table.sheet below to answer and fill in answers in the areas they belong to on the table/sheet) Milo Clothing experienced the following events during Year 1, its first year of operation:
Acquired $15,000 cash from the issue of common stock.
Purchased inventory for $6,100 cash.
Sold inventory costing $3,660 for $6,222 cash.
Paid $800 for advertising expense.
Required:
Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of
cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify
the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA).
Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed.
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