You skipped this question in the previous attempt 8 The following selected transactions apply to Topeca Supply 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 $65,000 plus sales tax of 7 percent. 2. Topeca Supply paid the November sales tax to the state agency on December 10, Year 1 3. Cash sales for December, Year 1 were $80,000 plus sales tax of 7 percent. 5 points Required eBook COT Hint a. Show the effect of the above transactions on a statements model like the one shown as follows. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). If an element is not affected by the event, leave the cell blank. b. What was the total amount of sales tax paid in Year 12 c. What was the total amount of sales tax collected in Year 171 d. What is the amount of the sales tax liability as of December 31. Year 12 e. On which financial statement will the sales tax liability appear? References Complete this question by entering your answers in the tabs below. Req A Reg B to E Show the effect of the above transactions on a statements model like the one shown as follows. In the Cash Flow column, indicate whether the item is an opera activity (OA), an investing activity (IA), or a financing activity (FA). If an element is not affected by the event, leave the cell blank. (Enter any decreases to acc balances and cash outflows with a minus sign. Not all cells will require entry.) TOPECA SUPPLY Assets + Horizontal Statements Model Stockholder's Equity Income Statement Common Retained Revenue Expense Earnings Net Income Stock Liabilities Sales Tax Payable Event Statement of Cash Flows Cash 1. + TE 2. + 3. +