quired

Record each of these events in a horizontal statements model like the following one.

ite: Enter amounts to be deducted and cash outflows with a minus sign. In the Statement of Cash Flows column, indicate lether the item is an operating activity $($OA$),$ investing activity $($IA$),$ or financing activity $($FA$).$ Not all cells require input.

Required information

$[$The following information applies to the questions displayed below.$]$

Brice Company completed the following transactions in Year $1,$ the first year of operation.

Issued $49,000$ shares of no$-$par common stock for $$10$ per share.

Issued $8,900$ shares of $$20$ par, $5$ percent, preferred stock for $$20$ per share.

Paid a cash dividend of $$8,900$ to preferred shareholders.

Issued a $10$ percent stock dividend on no$-$par common stock. The market value at the dividend declaration date was $$12$ per share.

Later that year, issued a $2-$for$-1$ split on the shares of outstanding common stock. The market price of the stock at that time was $$50$ per share.

Produced $$172,000$ of cash revenues and incurred $$81,000$ of cash operating expenses.

Closed the revenue, expense, and dividend accounts to retained earnings.

Required

a$.$ Record each of these events in a horizontal statements model like the following one.

Note: Enter amounts to be deducted and cash outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity $($OA$),$ investing activity $($IA$),$ or financing activity $($FA$).$ Not all cells require input.