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Can someone help me with this exercise please. Date ' Cost Per Unit Be 1innin invento $35 Jan.30,2020 $30 March,30,2020 $32 Se t.30,2020 $35 Dec.28,2020

Can someone help me with this exercise please.

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Date ' Cost Per Unit Be 1innin invento $35 Jan.30,2020 $30 March,30,2020 $32 Se t.30,2020 $35 Dec.28,2020 $34 Total I Naples purchased the equipment in 2019. The use11 life of the equipment was estimated to be 4 years. The salvage value of the equipment was estimated to be $5,000. The Company uses double-declining method of depreciation for equipment. (Transaction #8) Other information: I Interest expenses for the year were $ 1,000, relates to Mortgage Payable. (Transaction #9) I Operating expenses of Naples for 2020 was $ 20,000 (Transaction #10) I Prepaid expenses of last year relates to prepaid insurance premium. The total amount of insurance premium paid in last year has expired during current year. (Transaction #11) I Mortgage payable amount of $3,500 is paid by the company in the month of February. (Transaction #12) I Record Cost of Goods Sold of 800 Units (Transaction #13) Required: 1. Record the above transactions in the accounting equation. (Show necessary calculations). (35 Marks) Hint: Record the beginning balances from the above Balance Sheetrst Prepare a multi-step income statement. (10 Marks) Prepare a Classied Balance Sheet (15 Marks) sure

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