The Pet Store experienced the following events for the Year 1 accounting period: 1. Acquired $65,000 cash from the issue of common stock 2. Purchased $74,500 of inventory on account. 3. Received goods purchased in Event 2 FOB shipping point; freight cost of $1,670 paid in cash. 4. Sold inventory on account that cost $33,000 for $61,000 5. Freight cost on the goods sold in Event 4 was $1,220. The goods were shipped FOB destination. Cash was paid for the freight cost. 6. Customer in Event 4 returned $5,480 worth of goods that had a cost of $2,79o. 7. Collected $50,020 cash from accounts receivable. 8. Paid $54,200 cash on accounts payable. 9. Paid $3,420 for advertising expense. 10. Paid $3,350 cash for insurance expense. a. Which of these events affect period (selling and administrative) costs? Which result in product costs? If neither, label the transaction NA. Transaction Cost 2. 3. 6