Supply the missing dollar amounts for the 2017 statement of earnings of Ultimate Style Company for each of the following independent cases:

Peters Curling Inc. operates several curling centres (for games and equipment sales). The following transactions occurred in the month of October.

(a) Peters collected $15,550 from customers for games played in October.

(b) Peters sold $10,550 in curling equipment inventory; received $6,700 in cash and the rest on account; cost of sales is $6,500.

(c) Peters received $4,700 from customers on account who purchased merchandise in September.

(d) The curling league gave Peters a deposit of $5,200 for the upcoming fall season.

(e) Peters paid $5,700 for the September electricity bill and received the October bill for $6,270 to be paid in November.

(f) Peters paid $7,700 to employees for work in October.

(g) Peters purchased $2,310 in insurance for coverage from October 1 to December 31.

(h) Peters paid $2,850 to plumbers for repairing a broken pipe in the washrooms.

Prepare a statement of earnings for Peters Curling Inc. for the month of October 2017. Use an income tax rate of 30 percent.

E3-1 Inferring Statement of Earnings Values LO3-2 Supply the missing dollar amounts for the 2017 statement of earnings of Ultimate Style Company for each of the following independent cases Case A Case B Case C Case D Case E Sales revenue Selling expense Cost of sales Income tax expense Gross profit Earnings before income tax $ 1,100 900 610 180 480 80 430 550 90 280 410 40 540 110 50 550 270 200 210 260 150 150 90 130 Net earnings 60 90 References eBook & Resources Worksheet E3-1 Inferring Statement of Earnings Values LO3-2 Learning Objective: 03-02 Explain how business activities affect the elements of the statement of earnings heck my work