Cooking Central sells stoves from around the world online to Canadians. (Transaction #1) The investors put $1,87,352 in the company. The money was used to purchase 2 different models of stoves as follows: # Model Quantity Price Purchased each Transport cost each Current Status 2 Banca 205 3 Flare 22 $3,600 $7,800 $288 Outstanding $858 Paid Entirely Over the course of the next year they had following sales: # Model Quantity Price Sold each How Customers Number of Current are Paying units not paid Status at present 45 Banca 52 $7,020 On Credit Paid Entirely 5 Flare 5 $16,770 Cash Paid Entirely 6 Flare 6 $15,428 On Credit 3 Outstanding 7 Banca 52 $6,599 On Credit 26 Outstanding 8 Banca 101 $5,807 On Credit 52 Outstanding (Transaction #9) 13 employees work for the company. They have been paid in full. Number of Employees 7 Averaged 6 Averaged Pay per Employee $19,675 $34,431 Over the course of the next year they will spend the following # Payment Amount Payment Method 10 Utilities Expense $8,007 On Credit, still Outstanding 11 Rent Expense $8,828 12 Internet Expense $6,006 Cash, nothing due Cash, nothing due 13 Promotional Expense $26,484 On Credit, still Outstanding 14 Legal Fees $10,211 15 Equipment $23,751 On Credit, still Outstanding Received loan from bank Prepare Part A - Journal Entries, Part B - T-Accounts and Part C Statement of income and statement of financial position for the company at the end