The following information applies to the questions displayed below. On January 10, 2016, the first day of the spring semester, the cafeteria of The Defiance College purchased for cash enough paper napkins to last the entire 16-week semester. The total cost was $4,850 Required information 0.00 points Requirement 1 a. Prepare the Horizontal model for each of the following transactions. a. The purchase of the paper napkins, assuming that the purchase was initially recorded as an expense. b. At January 31, it was estimated that the cost of the paper napkins used during the first three weeks of the semester totaled $990 C. The purchase of the paper napkins, assuming that the purchase was initially recorded as an asset. d. At January 31 if the initial purchase had been recorded as in c. (Enter decreases to account balances with a minus sign.) Balance Sheet Income Statement Assets LiabilitiesStockholders Net income Expenses b. C. d