Attempts to I used (c) Show the presentation of the ending inventories on the December 31, 2020, balance sheet. (List Current Assets in order of liquidity) SASSAFRAS COMPANY (Partial) Balance Sheet December 31, 2020 Current Assets Cash $ Accounts Receivable Inventories Prepaid Expenses $ Attempts: 0 of 1 used Submit Answer Save for Later MacBook Pro Your answer has been saved. See score details after the due date. Prepare an income statement through gross profit. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (457) SASSAFRAS COMPANY Income Statement (Partial) For the Year Ended December 31, 2020 Sales Revenue 944400 Cost of Goods Sold Finished Goods Inventory 1/1 A 27300 542600 Cost of Goods Manufactured 569900 Cost of Goods Available for Sale Less Finished goods inventory. 12/31 19500 550400 Cost of Goods Sold $ 394000 Gross Profit/(Loss) Attempts: 1 of 1 used MacBook Pro 01:04 Question 11 of 15 > .../15 View Policles Current Attempt in Progress The following information is available for Sassafras Company: January 1, 2020 2020 Raw materials inventory $23,400 Work in process inventory 13.900 Finished goods inventory 27.300 Materials purchased $150,000 Direct labour 222,000 Manufacturing overhead 180,200 Sales 944,000 December 31, 2020 $29.900 17.000 19.500 (a) Your answer has been saved. See score details after the due date Calculate the cost of goods manufactured $ 542600 Cost of goods manufactured Attempts: 1 of 1 used MacBook Pro