Estion 15 12 points) Our company manufactures plastic pails and uses raw liquid plastic in bulk form vhich it stores in a single large tank) to make the pails. On December 31, 2019 ne tank held 590 gallons of liquid plastic valued at $18,000. On January 28, 2020 I bought 10,000 gallons of raw liquid plastic for $300,000, and on September 12, 2020 it bought a further 12,000 gallons for $408,000. Note: all of these 2020 deliveries were stored in the aforementioned tank, and the company uses average costs to value inventory. On December 31st, 2020 there remained 19,000 gallons of raw liquid plastic left over in the tank. Given the above information what is the cost of raw liquid plastic that should be charged to the 2020 (Jan to Dec) Income Statement? $436,630 $392,000 $392.508 $115,376 Your company produces a sports magazine. In 2020, it's first year in operation, it sold $169,000 of one-year subscriptions, of which only 60% had expired by December 31, 2020. In 2021, it sold $659,000 of one-year subscriptions, of which only 30% had expired by December 31, 2021. Given the above information, how much revenue would be shown on the Company's January to December 2021 Income Statement? $416,700 $265,300 $428,900 $562,700