The following events were completed by Dana's Imports in September 2018: 1 Acquired $48,000 cash from the issue of common stock. 1 Purchased $32,000 of merchandise on account with terms 2/10, n/30. 5 Paid $700 cash for freight to obtain merchandise purchased on September Sept. 8 Sold merchandise that cost $11,000 to customers for $18,500 on account, 8 Returned $1,000 of defective merchandise from the September 1 purchase 10 Paid cash for the balance due on the merchandise purchased on September 20 Received cash from customers of September 8 sale in settlement of the 30 Paid $3,150 cash for selling expenses 1. with terms 2/10, n/30. to the supplier. 1. account balances, but not within the discount period Required a. Record each event in a statements model like the following one. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, NC for net change in cash and NA to indicate the element is not affected by the event. The first event is recorded as an example. b. Prepare an income statement for the month ending September 3. c. Prepare a statement of cash flows for the month ending September 30