equired: a. Calculate sales revenue, cost of goods sold, and ending inventory as of December 31,2025 , assuming Suzie uses a FIFO ierpetual inventory system to account for inventory. -b. Prepare the gross profit section of a partial income statement for transactions related to MU watches: Complete this question by entering your answers in the tabs below. Calculate sales revenue, cost of goods sold, and ending inventory as of December 31,2025 , assuming Suzie uses a FIFO perpetual inventory system to account for inventory. 1-a. Calculate sales revenue, cost of goods sold, and ending inventory as of December 31,2025 , assuming suzie uses a rit perpetual inventory system to account for inventory. 1-b. Prepare the gross profit section of a partial income statement for transactions related to MU watches. Complete this question by entering your answers in the tabs below. Prepare the gross profit section of a partial income statement for transactions related to MU watches. Required information [The following information applies to the questions displayed below] Now that operations for outdoor clinics and TEAM events are running smoothly. Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normol timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sole at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2025 . All watches are sold for $500 each. July 31 Sold 40 watches for $20,000 cash. Auguat 12 purchased 40 watehes for $6,400 ( $160 per uateh) canh. Auquat 22 5old 30 watches for $15,000 on accopnt. September 19 . Paid for vatches purehased on July 17. septenber 27 Aeceive cash of $9,000 tor vatehen nold on account on aqquat 22. October 27 Parchased 80 watches for $13,600 (\$170 per wateh) cash. Novenber 20 sold 90 watches for $45,000 cash. Decenber 4 Purchased 100 watchen for $18,000 ( $180 per vateh) on account. Decether sold 40 vatehes for 520,000 on account. Required: 1.a. Colculate sales revenue, cost of goods sold, and ending inventory as of December 31, 2025, assuming Suzie uses a FiFO perpetual inventory system to account for inventory. 1.b. Prepare the gross profit soction of a partial income statement for transactions related to MU watches. Complete this question by entering your answers in the tabs below