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Carla Vista Corporation's balance sheet at December 31,2021 , is presented below. During 2022, the following transactions occurred. Carla Vista uses a perpetual inventory system.

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Carla Vista Corporation's balance sheet at December 31,2021 , is presented below. During 2022, the following transactions occurred. Carla Vista uses a perpetual inventory system. 1. Carla Vista paid $2,550 interest on the bonds on January 1,2022. 2. Carla Vista purchased $243,100 of inventory on account. 3. Carla Vista sold for $450,700 cash inventory which cost $251,700. Carla Vista also collected $27,042 sales taxes. 4. Carla Vista paid $227,900 on accounts payable. 5. Carla Vista paid $2,550 interest on the bonds on July 1,2022 . 6. The prepaid insurance ($5,100) expired on July 31. 7. On August 1, Carla Vista paid \$10,800 for insurance coverage from August 1. 2022, through July 31,2023. 8. Carfa Vista paid $24,400 sales taxes to the state 9. Paid other operating expenses, $93,300. 10. Redeemed the bonds on December 31,2022 , by paying $48,960 plus $2,550 interest. During 2022 , the following transactions occurred. Carla Vista uses a perpetual inventory system. 1. Carla Vista paid $2,550 interest on the bonds on January 1,2022. 2. Carla Vista purchased $243,100 of inventory on account. 3. Carla Vista sold for $450,700 cash inventory which cost $251,700. Carla Vista also collected $27,042 sales taxes. 4. Carla Vista paid $227,900 on accounts payable. 5. Carla Vista paid $2,550 interest on the bonds on July 1,2022. 6. The prepaid insurance ($5,100) expired on July 31. 7. On August 1. Carla Vista paid \$10,800 for insurance coverage from August 1, 2022, through July 31,2023. 8. Carla Vista paid $24,400 sales taxes to the state. 9. Paid other operating expenses, $93,300. 10. Redeemed the bonds on December 31,2022 , by paying $48,960 plus $2,550 interest. 11. Issued $92,600 of 8% bonds on December 31,2022 . at 103 . The bonds pay interast every June 30 and December 31. Adjustment data: 1. Recorded the insurance expired from item 7 . 2. The equipment was acquired on December 31,2021, and will be depreciated on a straight-line basis over 5 years with a $2,900 salvage value. 3. The income tax rate is 30%. (Hint: Prepare the income statement up to income before taxes and multiply by 30% to compute the amount.) Prepare a classified balance sheet a5 of December 31, 2022. (List current assets in order of liquidity.) O Homework Question 1 of 5 1.512 Liahilities and Stockholders' Equity $ 5

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