Purchased $$10,500$ of supplies on account.

Earned and collected $$25,000$ of cash revenue.

Paid $$9,000$ cash on accounts payable.

Adjusted the records to reflect the use of supplies. A physical count indicated that $$2,100$ of supplies was still on hand on December $31,$ Year $2.$

Required:

a$.$ Show the effects of the events on the financial statements using a horizontal statements model given below. In the Statement of Cash Flows column, use OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. The beginning balances have been recorded as an example.

Note: Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input.

Answer is not complete.

$\backslash$table$[[$Event$,$PIZZA EXPRESS INCORPORATED$],[$Effect of Events on Financial Statements for Year $2],[$Balance Sheet,Income Statement$],[$Assets$,=,\backslash$table$[[$Liabilities$],[$Accounts$],[$Payable$]],+,$Stockholders' Equity$],[$Cash$,+,$Supplies,$=,+,\backslash$table$[[\backslash$table$[[$Common$],[$Stock$]]]],+,\backslash$table$[[$Retained$],[$Earnings$]],$Revenue,$-,$Expense,$=,\backslash$table$[[$Net$],[$Income$]]],[\backslash$table$[[$Beginning$],[$balance$]],7,500,+,,=,,+,5,500,+,2,000,,-,,=,]]$