Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.) [The following information applies to the questions displayed below.] At the beginning of Year 2 , the Redd Company had the following balances in its accounts: (1) Required information Prepare a balance sheet. During Year 2, the company experienced the following events: 1. Purchased inventory that cost $15,200 on account from Ross Company under terms 1/10,n/30. The merchandise was delivered FOB shipping point. Freight costs of $200 were paid in cash. 2. Returned $800 of the inventory that it had purchased because the inventory was damaged in transit. The seller agreed to pay the return freight cost. 3. Paid the amount due on its account payable to Ross Company within the cash discount period. 4. Sold inventory that had cost $18,000 for $32,000 on account, under terms 2/10,n/45. 5. Recelved merchandise returned from a customer. The merchandise originally cost $800 and was sold to the customer for $1,500 cash. The customer was paid $1,500 cash for the returned merchandise. 6. Delivered goods FOB destination in Event 4. Freight costs of $140 were paid in cash. 7. Collected the amount due on the account receivable within the discount period. 8. Took a physical count indicating that $21,100 of imventory was on hand at the end of the accounting period. Prepare a statement of changes in stockholders' equity. c-1. Prepare a multistep income statement. c-2. Prepare a statement of changes in stockholders' equity. c-3. Prepare a balance sheet. c-4. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below. Prepare a multistep income statement. Prepare a multistep income statement. (1) Required information \begin{tabular}{|l||} \hline \\ \hline Net cash flow from operating activities \\ \hline Cash flows from investing activities: \\ \hline Cash flows from financing activities: \\ \hline Net change in cash \\ \hline Ending cash balance \end{tabular}