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Required information [The following information applies to the questions displayed below] The following selected transactions apply to Topeca Supply for November and December Year 1.

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Required information [The following information applies to the questions displayed below] The following selected transactions apply to Topeca Supply for November and December Year 1. November was the first month of operations. Sales tax is collected at the time of sale but is not paid to the state sales tax agency until the following month. 1. Cash sales for November Year 1 were $64,500 plus sales tax of 9 percent. 2. Topeca Supply paid the November sales tax to the state agency on December 10, Year 1. 3. Cash sales for December Year 1 were $82,000 plus sales tax of 9 percent. Required a. Record the emfect of the gven transactions in a honizcotal statements mocel Note in the Cash Flow column, use the initials "OA" for operabing activities, "FA" for financing activities, and "IA" for investing activity. Enter any decreases to aceeunt balances and cash outhows with a minus sign. Not all cells require input

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