Purchased merchandise inventory for cash.

Purchased merchandise inventory on account.

Returned merchandise purchased on account.

Sold merchandise inventory for cash.

Paid cash on accounts payable not within the discount period.

Sold merchandise inventory on account.

Paid cash for selling and administrative expenses.

Paid cash for transportation$-$in$.$

Collected cash from accounts receivable.

Paid cash for transportation$-$out.

Required:

Identify each event as asset source, asset use, asset exchange, or claims exchange. Also explain how each event affects the financial statements by selecting Increase, Decrease, or Increase and decrease under each of the components in the horizontal statements model. In the Statement of Cash Flows col'un, classify the cash flows as operating activities $($OA$),$ investing activities $($IA$),$ or financing activities $($FA$).$ Assume the use of the perpefual inventory system. The first event is recorded as an example.

Note: Leave cells blank if no input is neecied.

$\backslash$table$[[\backslash$table$[[$Event$],[$Number$]],\backslash$table$[[$BALI SALES COMPANY$],[$Harizontal Statements Model$]]],[$Horizontal Statements Model$],[$Event Type,Balance Sheet,Income Statement,Statement of $Ca$