accounts relatie Probek 2020 Credit Det (o TOS 170 17 DOO DO 57 700 15 500 23 000 1150 30 420 21-24 plantegument, gros moted depredation ong term Investments in bonds nventory Accounts receivable, gross Allowance for doubtful accounts Fash Share capital-ordinary por Refined comings Fonds payable (long-term) Accrued labies (short-term) Accounts payable Nors payable (short-term) Soles revenue Cost of goods sold Bolling expenses had debt expenso Cash dividends Totals 756 000 53 000 9 000 1 100 000 140 24 900 11 400 4 400 2 600 1 800 863 790 863 790 LOOT Co searched for external financing to upgrade Its Inventory tracking system. On January 1, 2021, LOOT Co receives 14400 in cash from the lender, and LOOT CO agrees to pay the lender 15800 on September 1 2021. This is a zero-Interest short-term loan with a term of 6 months LOOT Co. used the money to purchase a computer for 12400 on January 1, 2021, to trock its inventories. The company Intends to depreciate the computer over 4 years using the double-declining balance method with a residual value of 1 000. On July 1 2021, LOOT Co prepaid 1600 as payment in full for a two-year subscription of an Inventory tracking software, they booked this payment as a prepold selling expense. The subscription started on the purchase date During July 2021, the tracking software has recorded the following purchases and sales. All purchases and sales are on account. Date per unit Units July 1 2021 Beginning Balance Inventory 1 000 July 6, 2021 Purchase 13 440 July 8, 2021 Sole 20 600 July 12, 2021 Purchase 12 July 22, 2021 Purchase 14 200 July 28, 2021 Sole 20 400 Compute the cost of goods sold for July 2021 for LOOT Co. assuming LOOT uses the LIFO cost flow assumption and a perpetual system. uondard hurch kog abc 11 240 un vector MacBook Air