Use a vertical model to show the Year $2$ balance sheet under FIFO, LIFO, a calculations. Round your answers to nearest whole dollar amount.$)$

The accourning recorts of Walls China Shop reflected the following balances as of January $1,$ Year $2$:

casti

Ecpining Inventery

contes stact

Retsinet carnthas

$417\mathrm{.}268$

$18,640$ kes units $6438$

$45,680$

$20\mathrm{.}246$

The follawing fwe transactions occured in war $2.$

$1$ Finst purchase $($cash$)120$ urits e $$90$

$2$ Secona purchase $($cash$)200$ units io $$98$

$3.$ Sales $($ai cash$)395$ units es $$191$

$4.$ Paid $$1$S$,$ OSO cash tor salaries expense

$5.$ Paid cash for income tax at the rate af $29$ percent of income before taxes

Required How.

b$.$ Use a vertical model to show the Year $2$ income statement, balsee sheet, and statement of cash flows under FIFO, LIFO, and weighted average. $($Hint Recoed the ewents under an accounting cpuation betore preparing the statements$)$

Complete this question by entering your answers in the tabs below.

and $A$

nog $8$ :

$164482$

then $83$

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