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Caminade Hardware & Construction Supply is a client of Deogracia Corpuz & Co. CPAS Leonora Caminade, the owner-manager sought your assistance to prepare for

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Caminade Hardware & Construction Supply is a client of Deogracia Corpuz & Co. CPAS Leonora Caminade, the owner-manager sought your assistance to prepare for her the following: a. Schedule of Cost of Sales Schedule of Operating Expenses using the function of expenses method C. Income Statement d. Balance Sheet Statement of Owner's Equity Caminade Hardware & Construction Supply Trial Balance December 31, 20C Cash in Bank. Accounts Receivable P2,050,000 185,000 Estimated Uncollectible Accounts 4,000 Merchandise Inventory, Jan. 1 2,980,000 Unused Supplies 54,000 Furniture and Fixtures 1,300,000 Accumulated Depreciation-Furniture & Fixture 520,000 Accounts Payable 980,000 L. Caminade, Capital 2,382,010 L. Caminade, Drawing 60,000 Sales 5,452,000 Sales Discounts 12,500 Sales Returns & Allowances 14,600 Purchases 1,880,000 Purchase Discounts 5,900 Purchase Returns & Allowances 10,300 Freight-in 9,810 Sales Salaries-(Selling) 188,000 Office Salaries-(General) 160,000 Taxes and Licenses-(General) 64,300 Rent Expense-(General) 176,000 Utilities Expense-(General) 140,000 Sales Commission-(Selling) 80,00 Total 9.354,210 9.354.210 Additional Data: Merchandise Inventory, end is P1,010,000. The Requ

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