YOU MUST COMPLETE THE CHART BELOW TO OBTAIN FULL MARKS ON THIS QUESTION

Intercompany Inventory Unrealized Profits	Unrealized Profit before tax	Tax	Unrealized Profit after tax
Opening inventory
Closing inventory

FOR PART (a) OF THE QUESTION YOU MUST SHOW ALL CALCULATIONS FOR BALANCES PROVIDED FOR: i) inventory; ii)Accounts payable; iii)Retained earnings, beginning of year; iv)Sales; v) Cost of Sales; and vi)Income tax expense (6 marks for amounts recorded in MH-Connect; 8 marks for calculations shown here)