Cullumber Ltd. manufactures several different brands of vacuum cleaners, from hand-held models to built-in central vacuums. It sells its products to distributors across Canada on credit, giving customers 30 days to pay. During the year ending June 30 , 2024, Cullumber recorded sales of $1,551,000. Cullumber has determined that the length of time a receivable is outstanding is the most appropriate credit risk characteristic for determining expected credit losses. At June 30 , the company prepared the following aging schedule: The Allowance for Expected Credit Losses had a credit balance of $18,700 before the year-end adjustment was made. (a) Prepare the adjusting entry to bring Allowance for Expected Credit Losses to the desired level. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) The following information relates to Bramble Back Falls Ltd.'s inventory transactions during the month of February. All of the units sold were priced at $87.00 per unit. Bramble Back Falls Ltd. uses the perpetual inventory system. Calculate Bramble Back's cost of goods sold, gross margin, and ending inventory for the month of February using FIFO. Cost of goods sold $ Gross margin $ Ending inventory $