Required information [The following informstion opplies to the questions disployed below] At the beginning of Yeor 2 , the Redd Compony had the following bolances in its occounts: During Yeer 2 the company experienced the following event: 1. Purchosed inventory that cost $6,300 on account from Ross Compony under terms 2/10, n/30. The merchondise was delivered FOB shipging point. Freight costs of $580 were peid in cesh. 2. Returned $400 of the inventory that it had purchased becouse the inventory was osmoged in vonsit. The seller ogreed to poy the return freight cost. 3. Poid the smount due on its sccount poysble to Ross Compeny within the cesh discount period. 4. Sold inventory that hod cost $6,800 for $9,800 on occount, under terms 2/10, n/45. 5. Recelved merchandise retumed from a customer. The merchandise originally cost $580 and was sold to the customer for $880 cash. The customer was paid $880 cash for the returned merchandise. 6. Delivered goods FOB destination in Event 4 . Freight couts of $680 were poid in cosh. 7. Collected the smount due on the account recelvoble whinin the diacount period. 8. Took s physicsl count indicating thet $2500 of inventory was on hand st the end of the sccounting period. c-1. Prepere o multistep income statement. c-2 Prepare o statement of chenges in stocholders" equity. c-3. Prepore a balence sheet. c-4. Prepare a stetement of cash fows. Complete this question by entering your answers in the tabs below. Prepare a balance sheet