At the beginning of 2013, the Bradley Company had the following balances in its accounts:

Cash	$	8,500
Inventory		2,500
Common stock		8,000
Retained earnings		3,000

During 2014, the company experienced the following events:

1.	Purchased inventory that cost $6,000 on account from Bivins Company under terms 2/10, n/30. The merchandise was delivered FOB shipping point. Freight costs of $550 were paid in cash.
2.	Returned $400 of the inventory that it had purchased because the inventory was damaged in transit. The seller agreed to pay the return freight cost.
3.	Paid the amount due on its account payable to Bivins Company within the cash discount period.
4.	Sold inventory that had cost $6,500 for $9,500 on account, under terms 2/10, n/45.
5.	Received merchandise returned from a customer. The merchandise originally cost $550 and was sold to the customer for $850 cash. The customer was paid $850 cash for the returned merchandise.
6.	Delivered goods FOB destination in Event 4. Freight costs of $650 were paid in cash.
7.	Collected the amount due on the account receivable within the discount period.
8.	Took a physical count indicating that $2,200 of inventory was on hand at the end of the accounting period. question: Required b. Record each event in a statements model like the following one. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, NC for net change in cash and NA to indicate the element is not affected by the event. The first event is recorded as an example. (Enter any decreases to account balances and cash outflows with a minus sign.) event cash accounts rece. merchandise inventory Accounts Payable Common Stocks Retained earnings Revenue Expenses Net Income Statement of cash flows Bal 1a 1b 2 3 4a 4b 5a 5b 6 7 8 bal Multistep Income Statement For the year end December 31st, 2014 Operating Expenses Prepare a statement of changes in stockholders equity. Beginning Commmon Stock Ending Common Stock Beginning Retained Earnings Ending Retained Earningst Total Stock Holder's Equity Prepare a balance Sheet As of December 31st 2014 Assets Total Assets Liabilities Stockholder's Equity Total Stockholder's Equity Total liabilities and Stockholder's Equity Prepare Statment of Cash Flows For Year End December 31st 2014 Cash Flows for Operating Activities Net Cash flows for operating Activities Cash flows from investing activities cash flows from financing activities Net change in cash Ending cash balance