Required information [the following information applies to the questions displayed below.] the following transactions apply to ozark sales for 2018: the business was started when the company received $50,000 from the issue of common stock. purchased equipment inventory of $380,000 on account. sold equipment for $510,000 cash (not including sales tax). sales tax of 8 percent is collected when the merchandise is sold. the merchandise had a cost of $330,000. provided a six-month warranty on the equipment sold. based on industry estimates, the warranty claims would amount to 2 percent of sales. paid the sales tax to the state agency on $400,000 of the sales. on september 1, 2018, borrowed $50,000 from the local bank. the note had a 4 percent interest rate and matured on march 1, 2019. paid $6,200 for warranty repairs during the year. paid operating expenses of $78,000 for the year. paid $250,000 of accounts payable. recorded accrued interest on the note issued in transaction no. 6. required 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 if there is no effect. do not round intermediate calculations and round your answers to the nearest whole dollar amounts.)