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answer in required 1-20 box On December 31, 2020, Soulcycle finished its second year of operations. Early in 2020, Melanie Whelan invested an additional $25,000

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On December 31, 2020, Soulcycle finished its second year of operations. Early in 2020, Melanie Whelan invested an additional $25,000 in the business and $30,000 of the Long-term note payable is due August 31, 2021. The investment in RBC shares is expected to be held for the long term. Soulcycle's accountant has finalized the company's records and provided the following adjusted account balances. Note: all accounts have normal balance. Accounts Balance Accounts Balance Accounts Payable 20,800 Merchandise Inventory 43,500 Accounts Receivable 61,800 Office Equipment 6,300 Accumulated 2,100 Office salaries expense 32,800 depreciation, office equipment Accumulated 9,000 Office supplies expense 1,400 depreciation, store equipment Advertising expense 11,300 Prepaid Insurance 1,200 Cash $42,300 Rent expense, office 14.000 space Cost of goods sold 299,520 Rent expense, selling 126.300 space Depreciation expense, 1,050 Salarles Payable 2,400 office equipment 615,000 4,500 Sales Depreciation expense, store equipment 6.450 900 Sales discounts 2.400 615,000 6,450 3,000 24,000 Depreciation expense, 1.050 Salaries Payable office equipment Depreciation expense, 4,500 Sales store equipment Insurance expense 900 Sales discounts Interest expense 480 Sales returns and allowances Investment in RBC 57,410 Sales salaries expense Shares Investment Income $8,000 Store Equipment Long-term Note 180,000 Store supplies expense Payable, due August 31, 2025 Melanie Whelan, Capital 95,160 Supplies Melanie Whelan, 24,000 Trademark Withdrawals REQUIRED: Using the above information, calculate each of the following 11. Current assets 1. Net Sales 90,000 2,100 3,150 75,000 N. 12. Non-current investments 2. Gross profit from sales ore Faininment REQUIRED: Using the above information, calculate each of the following: 11. Current assets 1. Net Sales 12. Non-current investments 2. Gross profit from sales 13. Book value of Store Equipment 3. Total selling expenses 14. Property, plant and equipment 4. Total general & administrative expenses 15. Intangibles 5. Total operating expenses 16. Total Assets 24 6. Profit from operations 17. Current liabilities 7. Total other revenue & expenses 18. Non-current liabilities expenses 15. Intangibles 5. Total operating expenses 16. Total Assets 6. Profit from operations 17. Current liabilities 7. Total other revenue & expenses 18. Non-current liabilities 8. Profit 19. Total liabilities 9. Beginning capital 10. Ending capital 20. Total liabilities and equity Note: Supporting calculations are required for full/part marks

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