(Click the icon to view Ohana's costs.) Each company sold 11,800 devices for $1,982,400 in 209 and incurred the following selling and administrative costs: (Click the icon to view the selling and administrative costs.) Read the requirements. Requirement 1. Prepare the inventories section of the balance sheet for December 31, 20X9, for Nile. Inventories section of the balance sheet for Nile Merchandise inventories Requirements 1. Prepare the inventories section of the balance sheet for December 31,209, for Nile. 2. Prepare the inventories section of the balance sheet for December 31,209, for Ohana. 3. Using the cost of goods sold format as a model, prepare an income statement for the year 209 for Nile. 4. Using the cost of goods sold format as a model, prepare an income statement for the year 209 for Ohana. 5. Summarize the differences between the financial statements of Nile, a merchandiser, and Ohana, a manufacturer. 6. What purpose of a cost management system is being served by reporting the items in requirements 14