Assignment 1 question 1st answer required as soon as possible please help

Y EST its | Home Welcome to MyUCW ACCT 621 (SPRING-VAN-28) . Week 5. Financial analysis . Midterm Exam to Week 5: Financial analysis" 2020 was the first year of operations for Sherri's Skirts. Sherri ordered 500 skirts for $10 each. After sewing unique wered designs on her products, Sherri sold 400 skirts for $30 apiece. She also received special orders (custom design) for 100 skirts, which she sold for $50 each, Her other cash outflows were $10,000 salary for herself, a $1,000 sewing machine (expected to last 5 years), and $500 a month for rental of a sales booth, In 2021. Sherri is expecting to sell 700 skirts (purchased for $10 each), of which 200 will be custom design, To achieve veston the higher sales, Sherri will rent a bigger, more visible sales booth for $1.000 a month The other expenses are expected to remain the same: Type out Sherri's 2020 Income Statement, Correctly format your work, putting dollar signs at the appropriate places and indicate which numbers should be double-underlined using a "DU" label Also analyze and comment on things Sherri has done well, things she could improve on, and things she should keep an eye on in 2021. Paragraph re