For Year 1, prepare Telo's classified balance sheet as of December 31. Important! Be sure to...

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For Year 1, prepare Telo's classified balance sheet as of December 31. Important! Be sure to click the correct Year at the top of the dashboard. TELO Balance Sheet December 31, Year 1 Assets Current assets Total current assets Plant assets Total plant assets Total assets Current liabilities EA 0 0 Liabilities 0 Current liabilities Total current liabilities Long-term liabilities Total liabilities Total equity Total liabilities and equity Liabilities Equity $ 0 0 0 EA $ 0 As owner of Telo, a startup business, you are struggling to generate enough gross profit to compete with Creft and Wozz. Also, your business frequently runs low on cash. To help determine how to fix these issues, you review the following Tableau Dashboard. Select Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 $100,000 $80,000 $60,000 $40,000 $20,000 $0 Sales Sales and Costs for Competing Companies Telo Creft Wozz Telo Sales: $85,000 As owner of Telo, a startup business, you are struggling to generate enough gross profit to compete with Creft and Wozz. Also, your business frequently runs low on cash. To help determine how to fix these issues, you review the following Tableau Dashboard. Select Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 $100,000 $80,000 $60,000 $40,000 $20,000 $0 Sales Sales and Costs for Competing Companies Telo Telo Sales discounts: $6,000 Creft Wozz As owner of Telo, a startup business, you are struggling to generate enough gross profit to compete with Creft and Wozz. Also, your business frequently runs low on cash. To help determine how to fix these issues, you review the following Tableau Dashboard. Select Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 $100,000 $80,000 $60,000 $40,000 $20,000 $0 Sales Sales and Costs for Competing Companies Telo Telo Sales discounts: $6,000 Creft Wozz $100,000 $80,000 $60,000 $40,000 $20,000 $0 Sales Sales discounts Sales returns & allowances Cost of goods sold Telo Select Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Sales and Costs for Competing Companies As owner of Telo, a startup business, you are struggling to generate enough gross profit to compete with Creft and Wozz. Also, your business frequently runs low on cash. To help determine how to fix these issues, you review the following Tableau Dashboard. Telo Cost of goods sold: $60,000 Sales dis allov Sales rel Cost of goods sold Sales Sales discounts Creft allowances Sales returns & Cost of goods sold Wozz Telo Credit Terms (Days) Creft Telo Credit Period from Suppliers: 30 days Wozz 0 10 20 30 40 50 60 70 Telo Creft Wozz Credit Terms (Days) Telo Credit Period Given to Customers: 75 days 0 10 20 30 40 50 60 70 Telo's Assets Amounts at December 31 Supplies Accounts receivable Land Inventory Supplies: $3,000 G Cash Buildings, net Land Telo's Assets Amounts at December 31 Supplies nventory Cash Accounts receivable Telo Accounts receivable: $8,000 creft Wozz Buildings, net Telo's Liabilities & Equity Amounts at December 31 Cu Land Inventory Telo's Assets Amounts at December 31 Supplies Accounts receivable Telo Creft Wozz Buil Buildings, net: $24,000 Cash Land Telo's Assets Amounts at December 31 Supplies Inventory Cash Accounts receivable Buildings, net Cash: $2,000 Telo's Liabilities & Equity Land Inventory Telo's Assets Amounts at December 31 Supplies Accounts receivable Cash Inventory: $5,000 uildings, net Land Inventory Telo's Assets Amounts at December 31 Supplies Cash Land: $12,000 Accounts receivable Buildings, net Customer Return Policies Across Competitors Creft Telo Wozz Telo return policy: 60 days A. Telo, Capital Wages payable Accounts payable A. Telo, Capital: $16,000 Notes payable Telo's Liabilities & Equity Amounts at December 31 Wages payable A. Telo, Capital Accounts payable Wages payable: $2,000 G Notes payable Telo's Liabilities & Equity Amounts at December 31 A. Telo, Capital Wages payable Customer Ret Across Co Creft Notes payable (Due in 5 years): $31,000 Notes payable counts payable Wozz Telo's Liabilities & Equity Amounts at December 31 Wages payable A. Telo, Capital 12 payable Accounts payable Accounts payable: $5,000 For Year 1, prepare Telo's classified balance sheet as of December 31. Important! Be sure to click the correct Year at the top of the dashboard. TELO Balance Sheet December 31, Year 1 Assets Current assets Total current assets Plant assets Total plant assets Total assets Current liabilities EA 0 0 Liabilities 0 Current liabilities Total current liabilities Long-term liabilities Total liabilities Total equity Total liabilities and equity Liabilities Equity $ 0 0 0 EA $ 0 As owner of Telo, a startup business, you are struggling to generate enough gross profit to compete with Creft and Wozz. Also, your business frequently runs low on cash. To help determine how to fix these issues, you review the following Tableau Dashboard. Select Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 $100,000 $80,000 $60,000 $40,000 $20,000 $0 Sales Sales and Costs for Competing Companies Telo Creft Wozz Telo Sales: $85,000 As owner of Telo, a startup business, you are struggling to generate enough gross profit to compete with Creft and Wozz. Also, your business frequently runs low on cash. To help determine how to fix these issues, you review the following Tableau Dashboard. Select Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 $100,000 $80,000 $60,000 $40,000 $20,000 $0 Sales Sales and Costs for Competing Companies Telo Telo Sales discounts: $6,000 Creft Wozz As owner of Telo, a startup business, you are struggling to generate enough gross profit to compete with Creft and Wozz. Also, your business frequently runs low on cash. To help determine how to fix these issues, you review the following Tableau Dashboard. Select Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 $100,000 $80,000 $60,000 $40,000 $20,000 $0 Sales Sales and Costs for Competing Companies Telo Telo Sales discounts: $6,000 Creft Wozz $100,000 $80,000 $60,000 $40,000 $20,000 $0 Sales Sales discounts Sales returns & allowances Cost of goods sold Telo Select Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Sales and Costs for Competing Companies As owner of Telo, a startup business, you are struggling to generate enough gross profit to compete with Creft and Wozz. Also, your business frequently runs low on cash. To help determine how to fix these issues, you review the following Tableau Dashboard. Telo Cost of goods sold: $60,000 Sales dis allov Sales rel Cost of goods sold Sales Sales discounts Creft allowances Sales returns & Cost of goods sold Wozz Telo Credit Terms (Days) Creft Telo Credit Period from Suppliers: 30 days Wozz 0 10 20 30 40 50 60 70 Telo Creft Wozz Credit Terms (Days) Telo Credit Period Given to Customers: 75 days 0 10 20 30 40 50 60 70 Telo's Assets Amounts at December 31 Supplies Accounts receivable Land Inventory Supplies: $3,000 G Cash Buildings, net Land Telo's Assets Amounts at December 31 Supplies nventory Cash Accounts receivable Telo Accounts receivable: $8,000 creft Wozz Buildings, net Telo's Liabilities & Equity Amounts at December 31 Cu Land Inventory Telo's Assets Amounts at December 31 Supplies Accounts receivable Telo Creft Wozz Buil Buildings, net: $24,000 Cash Land Telo's Assets Amounts at December 31 Supplies Inventory Cash Accounts receivable Buildings, net Cash: $2,000 Telo's Liabilities & Equity Land Inventory Telo's Assets Amounts at December 31 Supplies Accounts receivable Cash Inventory: $5,000 uildings, net Land Inventory Telo's Assets Amounts at December 31 Supplies Cash Land: $12,000 Accounts receivable Buildings, net Customer Return Policies Across Competitors Creft Telo Wozz Telo return policy: 60 days A. Telo, Capital Wages payable Accounts payable A. Telo, Capital: $16,000 Notes payable Telo's Liabilities & Equity Amounts at December 31 Wages payable A. Telo, Capital Accounts payable Wages payable: $2,000 G Notes payable Telo's Liabilities & Equity Amounts at December 31 A. Telo, Capital Wages payable Customer Ret Across Co Creft Notes payable (Due in 5 years): $31,000 Notes payable counts payable Wozz Telo's Liabilities & Equity Amounts at December 31 Wages payable A. Telo, Capital 12 payable Accounts payable Accounts payable: $5,000