Question: I am really stuggling with this question. Please help!! Thank you! Help Save&ExitS You skipped this question in the previous attempt Problem 3-17 Cost Flows;

I am really stuggling with this question. Please help!! Thank you!

Cost Flows; T-Accounts; Income Statement [LO3-2, LO3-3, LO3-4) Supreme Videos, Inc., produces

Help Save&ExitS You skipped this question in the previous attempt Problem 3-17 Cost Flows; T-Accounts; Income Statement [LO3-2, LO3-3, LO3-4) Supreme Videos, Inc., produces short musical videos for sale to retail outlets. The company's balance sheet accounts as of January 1, are given below. Supreme Videos, Inc. Balance Sheet January 1 Assets Current assets Cash Accounts receivable Inventories 72,000 111,000 39,000 31,000 Raw materiala (filn, costumes) videos in process Pinished videos awaiting sale Prepaid insurance 9000 160,000 10,800 353,800 Total current assets Studio and equipment 748,000 Less accumulated depreciation Total assets 219,000 3873.00 $882, 800 Liabilities and Stockholders Equity Accounts payable Capital stock Retained earnings Total liabilities and stockholdera equity $174, eo 708,000 $882, 800 $429,000 000 279,0000 ?Prev 7 of 10 Next > ?0 FS F7 2 4

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