Required information (The following information applies to the questions displayed below.] Brice Co. completed the following transactions in Year 1, the first year of operation: 1. Issued 40,000 shares of no-par common stock for $10 per share. 2. Issued 8,000 shares of $20 par, 6 percent, preferred stock for $20 per share. 3. Paid a cash dividend of $9,600 to preferred shareholders. 4. Issued a 10 percent stock dividend on no-par common stock. The market value at the dividend declaration date was $12 per share. 5. 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. 6. Produced $140,000 of cash revenues and incurred $72.000 of cash operating expenses 7. 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. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA) and net change in cash (NC). Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed. Enter any decreases to account balances and cash outflows with a minus sign.) ERICE CO. Statements Model For Yoar 1 Befende heet Income statement Net Stokholdere Equity Ravenue - Expenses = Income statement of Cach Alcats =Libros CommonR Preferred took Book ole 11 1 1