Required information [The following information applies to the questions displayed below.) At the beginning of 2018, the Redd Company had the following balances in accounts: Cash Inventory Common stock Retained earnings $7,800 1,800 7,300 2.300 During 2018, the company experienced the following events: 1. Purchased Inventory that cost $5,300 on account from Ross Company under terms 2/0, 1/30. The merchandise was delivered FOB shipping point. Freight costs of $480 were paid in cash. 2. Returned $350 of the inventory that it had purchased because the inventory was damaged in transit. The seller agreed to pay the return freight cost. 3. Pald the amount due on its account payable to Redd Company within the cash discount period. 4. Sold Inventory that had cost $5,800 for $8,800 on account, under terms 2/10,n/45. 5. Received merchandise returned from a customer. The merchandise originally cost $480 and was sold to the customer for $780 cash. The customer was paid $780 cash for the returned merchandise. 6. Delivered goods FOB destination in Event 4. Freight costs of $580 were paid in cash. 7. Collected the amount due on the account receivable within the discount period. 8. Took a physical count Indicating that $1,500 of inventory was on hand at the end of the accounting period. c-1. Prepare a multistep income statement c-2. Prepare a statement of changes in stockholders' equity. c-3. Prepare a balance sheet. 0-4. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below