I am posting this this to check my work for these problems. Can someone look over my work? Thank You! (a few may be blank, I was a little lost) Thank You

Problem Set #2 Page 2 of 17 Scenario #1: Gangnam Style (6 points) Gangnam Style distributes high-quality equipment and supplies to dance clubs and entertainment venues worldwide. On February 28, 2021, Gangnam Style received an order from the Psy Dance Factory for a lighting sequencer and ancillary equipment and supplies at a negotiated total selling price, delivered and installed, of $298,500. On March 6, 2021, Gangnam Style ordered the sequencer and the related-equipment and supplies from the manufacturer at a total cost of $92,750 due in 30 days. On March 22, 2021, Gangnam Style received delivery of the equipment and supplies from the manufacturer with an invoice in the amount of $92,750 due in 30 days. . On March 27, 2021, Gangnam Style incurred $31,400 in costs to modify the sequencer to the specifications of Psy Dance Factory On March 31, 2021, Gangnam Style delivered and installed the sequencer and the related-equipment at the Psy Dance Factory and submitted an invoice to the club for the negotiated selling price of $298,500. On April 10, 2021, Gangnam Style issued a check to the manufacturer in the amount of $92,750 as payment in full On May 6, 2021, Gangnam Style received a check from the Psy Dance Factory in the amount of $298,500 to settle the balance due on the order. . . Date: Identify the exact date on which Gangnam Style recorded revenue from the sale to the Psy Dance Factory according to GAAP and indicate the amount of the revenue recorded (1 point each = 2 points) Amount: March 31, 2011 $298,500 Date: March 27, 2021 b) Identify the exact date on which Gangnam Style recorded an expense from the sale to the Psy Dance Factory according to GAAP and indicate the amount of the expense recorded. (1 point each = 2 points) Amount: $31,400 SUPPORTING COMPUTATION REQUIRED: Amount: Identify the amount of the profit recognized by Gangnam Style from the sale to the Psy Dance Factory according to GAAP. (2 points) c) $174,350 TITION EQUIRED Problem Set #2 Page 3 of 17 Scenario #2: Papelbon Dance Academy (6 points) On February 25, 2021, Papelbon Dance Academy hired Uehara Marketing Corp. to provide advertising and other marketing services for a monthly fee of $6,875. Papelbon Dance Academy gave a check in the amount of $82,500 to Uehara Marketing Corp. on February 25, 2021 for one year of services beginning on April 1, 2021. During 2021 Papelbon Dance Academy used the monthly services provided by Uehara Marketing Corp. from April 1 through December 31. (2 points each line 6 points) 9 MA Amount How much advertising expense, if any, was Papelbon Dance Academy a) required to recognize in its 2021 GAAP income statement from its arrangement with Uehara Marketing Corp.? $61,875 SUPPORTING COMPUTATION REQUIRED: 6.875.9= $61,875 What amount, if any, was reported as prepaid advertising to Uehara Marketing Corp. by Papelbon Dance Academy in its GAAP balance sheet at December 31, 2021? $20,625 b) c) What amount, if any, was reported as advertising payable to Uehara Marketing Corp. by Papelbon Dance Academy in its GAAP balance sheet at December 31, 2021 SUPPORTING COMPUTATION OR BRIEF EXPLANATION REQUIRED: b 82500. 61875 $20,625 Page 4 of 17 Problem Set #2 Scenario #3: Iron Chef to Go (8 points) On December 10, 2020, Stephanie March, the co-owner of Iron Chef to Go, agreed to cater an employee appreciation party for Guarnaschelli Enterprises for a flat fee of $120,000, with 25% due in advance and the remainder due on the date of the party. Accordingly, Iron Chef to Go received a check for $30,000 from Guarnaschelll Enterprises on December 10. On December 30, 2020, Iron Chef to Go purchased supplies for the party for $15,100 and paid cash to its supplier. On January 30, 2021, Iron Chef to Go purchased food for the party for $31,250 and paid cash to its supplier. The party was held on January 31, 2021. Iron Chef to Go used all of the food and supplies purchased in December and January and paid $15,675 to its staff for their services used at the party. On March 1, 2021, Iron Chef to Go received a check from Guaraschelli Enterprises for $90,000 in full settlement of the balance due for the party, a) Identify the names of the items and their amounts reported by Iron Chef to Go in its 2020 GAAP financial statements relative to its contract with Guarnaschelli Enterprises (1 point per box = 3 points) 2020 Income 2020 Statement of Balance Sheet Statement Cash Flows 12/31/2020 Date: december 1 2020 Amount: d) Identify the exact date on which Iron Chef to Go recorded revenue from the Guarnaschell Enterprises party according to GAAP and indicate the total amount of the revenue recorded point each - 2 points) $120,000 Date: Identify the exact date on which Iron Chef to Go recorded expense from the Guarnaschelli Enterprises party according to GAAP and indicate the total amount of the expense Amount: recorded (1 point each - 2 points) e) SUPPORTING COMPUTATION REQUIRED: Amount How much profit did Iron Chef to Go report in its 2021 GAAP income statement from its catering agreement with Guarnaschelli Enterprises? (1 point) SUPPORTING COMPUTATION REQUIRED