Morris Inc. recorded the following transactions over the life of a piece of equipment purchased in Year 1: Required Use

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Morris Inc. recorded the following transactions over the life ofa piece of equipment purchased in Year 1:
Required
Use a horizontal statements model to show the effects of thesetransactions on the elements of the financial statements. (Use+ for increase, − for decrease, and leave the cell blank if theelement is not affected. In the Cash Flow column, indicate whetherthe item is an operating activity (OA), an investing activity (IA),or a financing activity (FA). If an element was not affected by thetransactions, leave the cell blank.)