Individual Homework #1 (6 points) . On December 6, 2018, Tarbox Toyota placed an order to buy twenty-five 2018 Toyota total cost of $345,500 ($13,820 per vehicle) to be delivered by Auto Transport Systern Tarbox Toyota received the shipment of the twenty-five 2018 that . along with an invaice due in 30 days for $318,750 ($12,750 per vehicle) due to a special d Toyota Corollas o n December 30, 2018 Toyota awarded Tarbox because the dealership surpassed its budgeted sales for nearly 25%. for the year by .Tarbox Toyota received an invoice for $9,750 from Auto Transport Systems for the de for the delivery of the Corollas on December 30, 2018. Based on the manufacturers suggested retail price (MSRP) of $18,500 per vehicle, the shipment had a total sales value of $462,500 Tarbox Toyota did not sell any of the cars received on December 30th until January 2019 AMOUNT To comply with GAAP, Tarbox Toyota would record the cars as inventory on December 30, 2018 at a total historic cost value of: (2 points) Supporting Calculation Required: 5345566-a57. (8v,375) ,sasa 'las sa 7so AMOUNT In its GAAP balance sheet at December 31, 2018, Tarbox Toyota would report the car rs received on December 30 as inventory at a total value of: (2 points) Assume that on December 31, 2018 Tarbox Toyota sold two of the cars received on December 30h AMOUNT In its GAAP balance sheet at December 31, 2018, Tarbox Toyota would report the cars received on December 30 as inventory at a total value of: (2 points) Supporting Calculation Required