The pet store experience the following events for the year one accounting period:

1.Acquired $50,000 cash from the issue of common stock

2.Purchased $71,000 of inventory on account

3. Received goods purchased an event 2 FOB shipping point; Freight cost of $1280 paid in cash

4. Sold inventory on account that cost $32,500 for $60,000

5.Freight cost on the good sold in event for was $1140. The goods were shipped FOB destination. Cash was paid for the freight cost.

6.Customer in event 4 returned $5700 worth of goods that had cost of $2900

7.Collected $49,200 cash from the accounts receivable

8.Paid $53,700 cash on account payable

9.Paid $3470 for advertising expense

10.Paid $3840 cash for insurance expense

1.

2.Which of these events effect period (selling and administrative) Costs? Which results in product costs? If neither, label the transaction NA.