Answer #2 please

Samantha Corporation purchased inventory costing $100,000 and sold 80% of the goods for $170,000. All purchases and sales were on account. Samantha later collected 10% of the accounts receivable. Assume that sales retums are nonexistent. Read the reguirements Record the collection of 10% of the accounts receivable. 2. For these transactions, show what Samantha will report for inventory, revenues, and expenses on its financial statements at the end of the month. Report gross profit on the appropriate statement. Assume beginning inventory is $0. (If an input field is not used in the table leave the field empty; do not enter a label or enter a zero.) Determine what the company will report on the balance sheet