answer 1&2 no handwritings please

Paper. Show ll work & answers clearly. Complete by yourself. investing $30,000 in the business in on a separate sheet of Problems. Write your answers on a separate sh 1) Zach Company started its merchandisi all wor k & answers its merchandising business on February 1,2006 byntory a exchange for common stock. On Feb February 7, Zach purchased another 750 u units at a unit cost of $95. During the month of Februa Zach uses a periodic operating expenses an Required Febrsing businesson February 1, 2006 by investing unit cost of $80 and on February cost of $75. On Zach purchased 200 units of inventory at a unit 18 purchased another 1,000 per un ry, Zach sold 1,750 units of inventory for inventory system. During the month of February, d has an income tax rate of 30% (10 points) te ruary. Zach sold 1750 units of inventory for $125 per unit. Zach incurred $55,000 worth of Based on the information provided, prepare all three multi-step income statements for Zach assumingt FIFO and Weighted average cost flow assumptions. 2) Grand Forks Enterprises sells toy airplanes to retailers such as K-Mart and Wal-Mart. I inventory is contained in the table below. The company uses a FIFO perpetual inventory system. Number of Units Unit Cost Total Cost Beginning inventory Sale Purchase Sale Purchase 2,000 (1,200) 4,000 (2,500) 5,000 (6,000) $4,000 $9,000 $12,000 $2.00 $2.25 $2.40 Sale Determine the cost of goods sold. (7 points)