Problem 13-12 and Problem 13-13. with clear formatting and explanation pls. thank you need asap.

Problem 13-12 (IAA) On December 31, 2020, a fire broke out in the warehouse of Regatta Company destroying all inventory. The following data are available for the current year: January 1 December 31 Inventory 500,000 Accounts receivable 480,000 440,000 Accounts payable 400,000 500,000 Collection on accounts receivable 2,640,000 Payments to suppliers 1,600,000 Goods out on consignment at sales price 200,000 Salvage value of inventory 20,000 2019 2018 2017 Sales 2,800,000 2, 700,000 2,500,000 Gross profit 1,260,000 1,080,000 860,000 1. What is the amount of purchases for the current year? a. . 1, 700,000 b. 1,600,000 c. 1,500,000 d. 2,100,000 2. What is the amount of sales for the current year? a. 2,600,000 b. 2,680,000 C. 2,640,000 sloos d. 2,200,000 3. What is the inventory fire loss on December 31, 2020? a. 600,000 b. 420,000 090 806 . c. 508,000 000.049 4 d. 500,000 000 0OF,1.Problem 13-13 (AICPA Adapted) At year-end, Frenzy Company had a fire which completely destroyed the goods in process inventory. A physical inventory was taken after the fire. December 31 Finished goods January 1 Goods in process 4,500,000 6,000,000 Raw materials 0 4,300,000 Factory supplies 2,000,000 1,700,000 400,000 500,000 During the year, the entity reported sales P20,000,000, purchases P3, 800,000, freight P200,000, direct labor P5,000,000 and manufacturing overhead at 60% of direct labor. The average gross profit rate is 30% on sales. 1. What is the cost of raw materials used? a. 5,700,000 b. 3,700,000 C. 3,800,000 d. 3,600,000 2. What is the total manufacturing cost? a. 13,000,000 b. 11,800,000 C. 11, 700,000 d. 11,600,000 3. What is the cost of goods sold? a. 12,000,000 b. 16,000,000 C. 13,000,000 d. 14,000,000 4. What is the cost of goods in process inventory destroyed by fire? a. 3,500,000 b. 3,800,000 C. 2,500,000 d. 1,500,000