The following events were completed by Dana's Imports in September, Year 1: Sept. I Acquired $58,8 cash from the issue of common stock. 1 Purchased $33,80 of merchandise on account with terms 2,1/1,, n/3. 5 Paid $860 cash for freight to obtain menchandise purchased on September 1. 8 Sold merchandise that cost $11,500 to customers for $16,80 on account, with terms 2/10, n/3. 8 Returned $550 of defective merchandise from the septemben 1 purchase to the supplier. 10 Paid cash for the balance due on the merchandise purchased on septemben 1. 20 Received cash from customers of September 8 sale in settlement of the account balances, but not within the discount period. 30 Paid $3,300 cash for selling expenses. Required a. Record each event in a statements model like the following one. In the Cash fow column, use oA to designate operating activity, IA for investment activity, FA for financing activity, or NC for net change in cash If the element is not affected by the event, leave the cell blank. The first event is recorded as an example. b. Prepare an income statement for the month ending september 30 . c. Prepare a statement of cash flows for the month ending September 30 . Complete this question by entering your answers in the tabs below. Record each event in a statements model like the following one. In the Csh Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activ and cash outflows with a minus sign.) Prenare an income statement for the month ending Se Prepare a statement of cash flows for the month ending September 30. (Cash outflows should be indicated with a minus sign.)