Unit 8 Lab Learning Activity X *Dashboard X https://www.coursehero.co x AC114-unit 8 discussion (1) X WP NWP Assessment Player UI X C ASSIGNMENT RESOURCES X + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=183070d4-6d6c-464c-ae3f-abb4240bab4d#/question/1 19 : - AC114 Unit 8 Lab Learning Activity Question 2 of 2 0/ 5 3 : Current Attempt in Progress Your answer is incorrect. folllowing financial information is presented for three different companies. Determine the missing amounts. Cullumber Cosmetics Riverbed Grocery Marin Wholesalers Sales revenue $90,500 $ (e) $125,800 Sales returns and allowances (a) 5,810 12,600 Net sales 86,100 97,000 Cost of goods sold 56,200 (f) Gross profit (b) 40,800 25,100 Operating expenses 19,800 (g) 18,100 Income from operations (C) (h) Other expenses and losses 3,300 7,400 Net income (d) 11,600 4,100 e Textbook and Media Save for Later Attempts: 1 of 5 used Submit AnswerUnit 8 Lab Learning Activity X *Dashboard X *https://www.coursehero.co x AC114-unit 8 discussion (1) X WP NWP Assessment Player UI X C ASSIGNMENT RESOURCES X + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=183070d4-6d6c-464c-ae3f-abb4240bab4d#/question/0 AC114 Unit 8 Lab Learning Activity Question 1 of 2 - 15 3 : Pina Company had the following account balances at year-end: Cost of Goods Sold $60,410, Inventory $15,010, Utilities Expense $29,380, Sales Revenue $126,580, Sales Discounts $1,340, and Sales Returns and Allowances $2,090. A physical count of inventory determines that merchandise inventory on hand is $12,360. They use the perpetual inventory system. (a) Prepare the adjusting entry necessary as a result of the physical count. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (b) Prepare closing entries. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit (To close accounts with credit balances) (To close accounts with debit balances) (To close net income / (loss)) e Textbook and Media