Clever Toys, Inc ("CTI") is a well establish toys trading company which adopts the periodic system. CTI prepares its financial statements on a monthly basis. The balance of the adjusted trial balance items of CTI as at 30 September 20x1 are listed as follows $ 149,600 Accounts Payable Accounts Receivable 271,160 507,600 Accumulated Depreciation - Building Accumulated Depreciation - Equipment 389,800 Accumulated Depreciation - Motor vehicle 382,660 Allowance for Doubtful Accounts 27,116 Bad Debt Expense 32,591 6,480,000 Building Cash 644,743 10,800 Depreciation Expense Building Depreciation Expense - Equipment 9,800 Depreciation Expense - Motor Vehicle 3,420 Dividends Payable 335,200 Equipment 660,000 Freight-in 400 Freight-out 500 Insurance Expense 1,200 Interest Expense 250 Interest Payable 250 Interest Receivable 1,050 Interest Revenue 1,050 Long-term Investment 2,500,000 Loss on Disposal 6,128 Merchandise Inventory 650,000 Motor Vehicle 475,000 Notes Payable (due in 3 months) 100,000 Notes Receivable (due in 3 months) 210,000 Prepaid Insurance 10,800 Purchase Discounts 918 Purchase Returns and Allowances 1,200 Purchases 193,000 Retained Earnings 208,108 Salaries Expense 118,800 Salaries Payable 81,000 Sales Returns and Allowances 980 Sales Revenue 437,960 Share Capital - Ordinary 4,400,000 Share Capital - Preference 4,000,000 To be continued..... Share Premium - Ordinary 1,000,000 Share Premium - Preference 200,000 Supplies 3,000 8,040 Supplies Expense Treasury Shares 46,000 Unearned Rent Revenue 120,000 Utilities Expense 4,800 Required: Apply the balances provided in the adjusted trial balance items table to calculate the following 16 items from A to P Followings are selected items from the income statement for the month ended 30 September 20x1 $ Net Sales [A] Cost of Good purchased [B] Cost of Goods available for sale [C] Cost of Goods Sold [D] Gross Profit [E] [F] Total Operating Expense Operating Profit [G] Net Income [H] Following is a selected item from retained earnings statement for the month ended 30 September 20x1 $ Ending Retained Earnings [1] Following are selected items from the statement of financial position as at 30 September 20x1 $ PPE (net book value) [J] Long Term Investment [K] Current Assets [L] Total Assets [M] Current Liabilities [N] Equity [0] Total Liabilities & Equity [P]