The Chair Company provides a 120-day parts-and-Iabor warranty on all merchandise it sells. The Chair Company estimates the warranty expense for the current period to be $1,140. During this period, a customer returned a product that cost $855 to repair. Required 3. Show the effects of these transactions on the nancial statements using a horizontal statements model. [Use a + to indicate increase or a for decrease. In the Statement of Cash Flows column. indicate whether the item is an operating activity (DA), investing activity {IA}, or nancing activity {FA}. Columns for events that have no effect on any of the elements should be left blank.} {Note: Not all cells will require an input.)