Roger Company completed the following transactions during Year 1. Roger's fiscal year ends on December 31. January 8 Purchased merchandise for resale on account. The invoice amount was $14,790; assume a perpetual inventory system. January 17 Paid January 8 invoice. April 1 Borrowed $36,000 from National Bank for general use; signed a 12 -month, 12% annual interest-bearing note for the money. June 3 Purchased merchandise for resale on account. The invoice amount was $17,420. July 5 Paid June 3 invoice. August 1 Rented office space in one of Roger's buildings to another company and collected six months' rent in advance Received a $200 deposit from a customer as a guarantee to return a trailer borrowed for 30 days. Required: 1. Prepare journal entries for each of these transactions. 2. Prepare the adjusting entries required on December 31. 3. Show how all of the liabilities arising from these transactions are reported on the balance sheet at December 31 . 4. For each transaction, state whether operating cash flows increase, decrease, or are not affected. Answer is not complete. Complete this question by entering your answers in the tabs below. Show how all of the liabilities arising from these transactions are reported on the balance sheet at December 31