The following transactions apply to Ozark Sales for 2018 1 The business was started when the company received $49,000 from the issue of common stock 2 Purchased equipment Inventory of $175,500 on account 2. Sold equipment for $190,000 cash (not including sales tax), Sales tax of 8 percent is colected when the merchandises sold. The merchandise had a cost of $115,000 4. Provided a six-month warranty on the equipment sold. Based on industry estimates, the warranty claims would amount 5. Paid the sales tax to the state agency on $140,000 of the sales 6. On September 1 2018, borrowed $20,000 from the local bank. The note had o 7 percent interest rate and matured on March 1, 2019 7. Paid $5,800 for warranty repairs during the year 8. Pald operating expenses of $55.000 for the year 9. Paid $124.900 of accounts payable 10. Recorded accrued interest on the note issued in transaction no. 6 Required a. Record the given transactions in a horizontal statements model like the following one (Enter any decreases to account balances and cash outflows with a minus sign in the Cash Flow column, indicate whether the item is an operating activity (OA), an Investing activity (IA, or a financing activity (FA), and leave the cell blank there is no effect. Do not round intermediate calculations and round your answers to the nearest whole dollar amounts OZARK Horizontal Statements Model Income Statement Stockholders' Equity Net interest Notes Common Retained Revenge Expense Income Payable Payable Stock Esming Statement of C Balance Sheet Lubies tales Tax Warranty Payable Payable Assets Merchandise Inventory Ni Casa Accounts Payable 1 + 2 . + - - 4