Digicel < 10:08 PM Fundamentals of Accounting - T... Time left 00:21:00 Commission Received Discounts Debtors...

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Digicel < 10:08 PM Fundamentals of Accounting - T... Time left 00:21:00 Commission Received Discounts Debtors Creditors Cash Loan 69% 6,200 18,200 16,300 170,000 350,000 95,000 1,400,000 8,628,000 8,628,000 The following additional information as at December 31, 2022 is available: i) Inventory at December 31, 2022 was valued at $132,000. ii) The sole trader took $35,000 of goods for personal use and this was not recorded in the books. iii) Rent expense is prepaid for $30,000. iv) Provision for bad debt is to be set up at a rate of 20% on debtors. v) Salaries and wages was owing by $33,000. vi) Commission received is owing for $15,000. vii) Depreciation rates and methods used to depreciate assets are as follows: Motor Vehicle 15% Reducing Balance Method Building 10% Straight Line Method Using the trial balance and the additional information provided, answer the following questions (choose answer from the drop-down listing): Net sales for the year is: $3,567,700 Digicel < 10:08 PM Fundamentals of Accounting - T... Time left 00:21:00 Commission Received Discounts Debtors Creditors Cash Loan 69% 6,200 18,200 16,300 170,000 350,000 95,000 1,400,000 8,628,000 8,628,000 The following additional information as at December 31, 2022 is available: i) Inventory at December 31, 2022 was valued at $132,000. ii) The sole trader took $35,000 of goods for personal use and this was not recorded in the books. iii) Rent expense is prepaid for $30,000. iv) Provision for bad debt is to be set up at a rate of 20% on debtors. v) Salaries and wages was owing by $33,000. vi) Commission received is owing for $15,000. vii) Depreciation rates and methods used to depreciate assets are as follows: Motor Vehicle 15% Reducing Balance Method Building 10% Straight Line Method Using the trial balance and the additional information provided, answer the following questions (choose answer from the drop-down listing): Net sales for the year is: $3,567,700