[The following information applies to the questions displayed below] The trial balance for Terry's Auto Shop as of January 1, Year 2, follows: The following events affected the company during the Year 2 accounting perlod: 1. Purchased merchandise on account that cost $4.300. 2. The goods in Event 1 were purchased FOB shipping point with freight cost of \$215 cash. 3. Returned $465 of damaged merchandise for credit on account. 4. Agreed to keep other damaged merchandise for which the company received an $215 allowance. 5 . Sold merchandise that cost $2,740 for $13,500 cash. 6. Dellvered merchandise to customers in Event 5 under terms FOB destination with freight costs amounting to $155 cashi. 7. Paid $2,920 on the merchandise purchased in Event 1. 8. Paid $8,950 cash for operating expenses. c. Prepare a multistep income statement, balance sheet, and statement of cash flows. (Assume that closing entries have been miade. Complete this question by entering your answers in the tabs below