The following selected transactions apply to Tiflany Jewelers Company for November and December Year 1 November was the first month of operations. Sales tax is collected at the time of sale but is not paid to the state sales tax agency until the following month. 1. Cash sales for November Year 1 were $55,800, plus sales tax of 8 percent. 2. Tiffany Jewelers Company paid the November sales tax to the state agency on December 10 , Year 1 3. Cash sales for December Year 1 were $111600, plus sales tax of 8 percent. Required: Use a horizontal financial statements model to show how eact event affects the balance sheet, income statement, and statement of cash flows. More specificaliy, record the amounts of the events into the modet. Note: In the Cosh Flow column, use OA to designate operating octivity, IA for investment activity, FA for finencing activity, and NC for net change in cosh. Enter any decreoses to occount balences and cosh outtlows with o minus sign. Not all cells require an input - leave celis blank if there is no corresponding input needed