The following inventory transactions apply to Green Company for Year 2. 583 points Jan. 1 Apr. 1 Aug. 1 Dec. 1 Purchased Sold Purchased Sold 260 units@ $50 130 units $85 390 units@ $56 490 units $96 Print The beginning inventory consisted of 180 units at $48 per unit. All transactions are cash transactions. References Required a. Record these transactions in a financial statements model, assuming Green uses the FIFO Cost flow assumption and keeps perpetual records. (In the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the "Cash Flows" column may require an input leave cells blank if there is no corresponding input needed.) GREEN COMPANY Effect of Events on Financial Statements Retained Revenue - Earnings Event Cash Inventory - Net Income Cash Flows 13 000 13.000 4/1b 8/1 IIIIII 12/la 12/15 Bal 13.000 13,000 =