Question 2 [36] CornCore Corp is a merchandising company in the agriculture industry. The following events took place in April. April 1st: Issued 1000 shares of no-par common stock at $5 per share April 1st: Issued a note payable for $6000 borrowed from the bank. The loan needs to be repaid in full in 6 months with a monthly interest of 0.5%. April 1st: Purchased 20 tons of corn from its suppliers on credit. The full price is $4000 and the credit term is "3/15, n/30." April 20th: Paid for the corn purchased on April 1st. April 22nd : Sold all the corn purchased on April 1st for $4200. April 25th : Prepaid the $2000 rent for the storehouse for May. April 30th : Paid $10000 of salaries to its employees for April. 2.a) Journalize the transactions above. You don't have to write explanations for the entries. [16] 2.b) Record the following adjusting entries on April 30th. You don't have to write explanations for the entries. [6] Record accrued interest expense for the $6000 note payable Record the $2000 rent expense for renting the storehouse in April, which was prepaid in March Record $200 depreciation on equipment 2.c) CornCore Corp purchased 500 shares of treasury stock at $6 per share on May 1st. Then, on May 2nd, it gives these shares to its employees for free as a form of compensation. Record all transactions in this process. [4] 2.d) CornCore Corp uses the indirect method to prepare its cash flow statement. For each of the following transactions, indicate whether and how they affect the inflow of cash from operating, investing, and financing activities. For example, the first row indicates that the issuance of common stock does not affect operating and investing cash flow, and it should be added to calculate the inflow of cash from financing activities. If a number should be subtracted, then mark the cell with a minus sign "-". [10]