(a) Miller, Lid estimates the cost of its physical inventory at March 31 for use in an interim financial statement. The gross profit percentage is 20%. The following account balances are available: Inventory, March 1 Purchases Sales during March $220,000 164,000 350,000 What is estimate of the cost of inventory reported on the statement of financial position as at March 312 (4 marks) (b) The following information is available for the Stuart Company Allowance for doubtfal accounts at December 31, 20x7 Credit sales during 20x8 Accounts receivable deemed worthless and written off during 2018 $6.000 400,000 R.000 As a result of a review and aging of accounts receivable in carly January 20,9 however, it has been determined that allowance for doubtful counts of $4,800 is needed at December 31, 20x8. What amount should Stuart record as "bad debt expense" for the year ended December 31, 2018? (3 marks) (c) Zahn Corp. 'comparative balance sheet December 31, 2023 and 2024 reported accumulated depreciation balances of $800,000 and $600,000 respectively Property with a cost of $50,000 and a carrying (net book value) amount of $40,000 was the only property sold in 20x3. What is the amount of depreciation expense for 2025?3 marks) (d) On June 30, 20x5, the Lanz Corporation purchased 1.600 shares of James Inc. for 536 per share. Dividends and share prices for James for 20x5 and 20 areas follows: Dividend per Fair Vals share paid per Share Dec 31, 2045 $1.50 Dec 31, 20x6 Assuming that Lan classifies the shares a FVTOCI, prepare the journal entries at December 31, 2025 and 2016. marks) (c) Rice Co. was incorporated on January 1, 20x1, with $500,000 from the i nce of common stock and borrowed funds of $75,000. During the first year of operations net income was $25,000. On December 15, Rice paid a $2.000 cash dividend No additional activities affected owners' equity in 20xl. At December 31, 20x1, Rice's liabilities had increased to $94.000. In Rice's December 31, 20x1, balance sheet total assets should be reported at what amount? (4 marks) (6) On January 1, 20x7, Murphy Construction Company entered into a 4-year service contract for the total price of 53.600.000. You have the following information for the first two years of the contract Costs incurred during the year Estimated costs to complete 2017 $950,000 240.000 20 910.000 1.530.000 What is the revenue and profit or less that will be realized on this contrast in 2018