1) On December 31, 3016, Harrison Company had the following balance sheet: Harrison Company Balance Sheet At December 31, 2016 Cash Accounts Recelvable Inventory-Note 1 Equipment Note 2 $4,800 Accounts Payable $3,900 $1,800 $3,000 25000 5000 Common Stock Retained Earning $10,000 $17,500 $20,00D $30,500 Total Liabilities & Total Assets Stockholders Equity Notes to the Financial Statement Note 1: Inventory- Harrison Company uses the FIFO method of inventory. The inventory of $1,800 consisted of 3,600 unlts at a cost of $.60 per unit. During the first six months of 2017, Harrison Company had the following transactions: 1) 2) 3) 4) On January S, purchased 4,000 units of inventory at a cost of $.72 per unit on account. On February 8, sold 4,400 units of inventory at $.90 per unit on account. On April 12, purchased 2,200 units of inventory at a cost of $.75 per unit on account. On June 14, sold 2,000 units of inventory at $.95 per unit REQUIREMENTS: Determine the total sales for Harrison Company for the perlod ending June 30, 2017 in both unlts and dollars. 1) Total Units SALES: Total 2) Because of a downturn in the economy, Harrison Company decided to establish an allowance for doubtful accounts of 3% of current years sales. Determine the allowance Harrison Company should establish at June 30, 2017 (to the nearest whole S) ALLOWANCE FOR DOUBTFUL ACCOUNTS: 3) Complete the following inventory schedule to determine goods available for sale, both in units & dollars