Question: Please help! I am stuck on this assignment. The empty yellow boxes are the ones I cannot figure out. Thank you. f Page 2 l

Please help! I am stuck on this assignment. The empty yellow boxes are the ones I cannot figure out. Thank you.Please help! I am stuck on this assignment. The empty yellow boxesf

are the ones I cannot figure out. Thank you.f Page 2 l

See The Light Projected Income Statement For the Period Ending December 31,

20x1 Sales Cost of Goods Sold Gross Profit Selling Expenses $ 1,125,000.00

723,250.00 $ 401,750.00 25,000 lamps S45.00 S28.S3 $ 23,000.00 (Commission per unit)

S315 78,750.00 Variable Administrative Expenses Total Selling and Administrative Expenses: Net Profit

S101,750.00 40,500.00 42,250.00 I See The Light Projected Balance Sheet As of

December 31, 20x1 Current Assets $34,710.00 67,500.00 Accounts Receivable Raw Material 500

S9.20 500 S1.25 4,600.00 625.00 Figurines Electrical Sets Work in Process Finished

Goods 3000 S28.9250 86,775.00 $194,210.00 Total Current Assets Fixed Assets Equipment Accumulated

Page 2 l See The Light Projected Income Statement For the Period Ending December 31, 20x1 Sales Cost of Goods Sold Gross Profit Selling Expenses $ 1,125,000.00 723,250.00 $ 401,750.00 25,000 lamps S45.00 S28.S3 $ 23,000.00 (Commission per unit) S315 78,750.00 Variable Administrative Expenses Total Selling and Administrative Expenses: Net Profit S101,750.00 40,500.00 42,250.00 I See The Light Projected Balance Sheet As of December 31, 20x1 Current Assets $34,710.00 67,500.00 Accounts Receivable Raw Material 500 S9.20 500 S1.25 4,600.00 625.00 Figurines Electrical Sets Work in Process Finished Goods 3000 S28.9250 86,775.00 $194,210.00 Total Current Assets Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets S 20,00000 6,800,00 13,200.00 $ 207,410.00 Total Assets Current Liabilities Accounts Payable Total Liabilities $54,000.00 $ 54,000.00 Stockholder's Equity S 12,000.00 141,410 00 Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockhoder's Equity 153,410.00 207410.00 Page 2 l See The Light Projected Income Statement For the Period Ending December 31, 20x1 Sales Cost of Goods Sold Gross Profit Selling Expenses $ 1,125,000.00 723,250.00 $ 401,750.00 25,000 lamps S45.00 S28.S3 $ 23,000.00 (Commission per unit) S315 78,750.00 Variable Administrative Expenses Total Selling and Administrative Expenses: Net Profit S101,750.00 40,500.00 42,250.00 I See The Light Projected Balance Sheet As of December 31, 20x1 Current Assets $34,710.00 67,500.00 Accounts Receivable Raw Material 500 S9.20 500 S1.25 4,600.00 625.00 Figurines Electrical Sets Work in Process Finished Goods 3000 S28.9250 86,775.00 $194,210.00 Total Current Assets Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets S 20,00000 6,800,00 13,200.00 $ 207,410.00 Total Assets Current Liabilities Accounts Payable Total Liabilities $54,000.00 $ 54,000.00 Stockholder's Equity S 12,000.00 141,410 00 Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockhoder's Equity 153,410.00 207410.00

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