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Current Attempt in Progress Sheridan Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost. Lumber 25% Millwork 30% Hardware and fittings 40% On August 18, a fire destroyed the office, lumber shed, and a considerable portion of the lumber stacked in the yard. To file a report of loss for insurance purposes, the company must know what the inventories were immediately preceding the fire. No detail or perpetual inventory records of any kind were maintained. The only pertinent information you are able to obtain are the following facts from the general ledger, which was kept in a fireproof vault and thus escaped destruction. Lumber Millwork Hardware Inventory, Jan. 1, 2020 $250,600 $89,200 $45,600 Purchases to Aug. 18, 2020 1,484,700 381,900 160,000 Sales to Aug. 18, 2020 2,050,000 530,400 197,400 Current Attempt in Progress The records of Coronado's Boutique report the following data for the month of April. Sales revenue $105,400 Purchases (at cost) $50,300 Sales returns 2,100 Purchases (at sales price) 92.400 Markups 10,700 Purchase returns (at cost) 2,100 Markup cancellations 1,400 Purchase returns (at sales price) 3,200 Markdowns 9,000 Beginning inventory (at cost) 26,780 Markdown cancellations 2,900 Beginning inventory (at sales price) 47,500 Freight on purchases 2,400 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to O decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $ Maria Co. has a machine that cost $820,000 on March 20, 2017. This old machine had an estimated life of ten years and a salvage value of $30,000. On December 23, 2021, the old machine is exchanged for a new machine with a fair value of $531,000. The exchange lacked commercial substance. Maria also received $59,000 cash. Assume that the last fiscal period ended on December 31, 2020, and that straight-line depreciation is used. (a) Show the calculation of the amount of gain or loss to be recognized by Maria Co. from the exchange. (Round answer to O decimal places, e.g. 1,215.) v recognized $