Study Toolbox Student Hub estion 2 yet wered The following account balances are for Larry's Scapes Ltd for the month ended 30 June Account $Account sked out of 90 Supplies 950Sales revenue 63 500 Tag sestion Income tax expense 11 710 Cash 29 550 Accounts payable 34 310Prepaid rent 4500 Dividends paid 22 700 Unearned sales revenue 950 Accounts receivable 11 600 Accrued expenses 4 000 45 000 Equipment 25 500 Share capital Depreciation expense Retained earnings (beginning) 4 500 Accumulated depreciation 4.500 42 000 Cost of sales 19 000 Reserves 13 000 interest revenue 725 Goodwill 15 000 insurance expense 1 700 Inventory 7 700 Wages payable 3 600 For each question below use the above information (It will be necessary for you to prepare the appropriate statement first to choose the 0 15C Clear CL LG FE ES F10 F12 96 A & 1495 6 un 7 8 9 Reserves 13 000 interest revenue 725 Goodwill 15 000Insurance expense 1 700 Inventory 7 700Wages payable 3 600 For each question below use the above information (it will be necessary for you to prepare the appropriate statement first to choose the correct solutions) 1. Calculate the Gross Profit Choose... 2. What is the value of the Total Expenses? Choose 3. The Profit before tax equats: Choose. 4. The Profit after tax equals: Choose 5. What would be the value of the ending Retained Earnings?: Choose. 99+ C 15C Clear L LG F6 F2 FE 19 F2 an 43 5 & 7 8. 9 " I RTG 0 u