Follow the instructions below:

BEE-1 Presented below are the components in Clearwater Company, Ltd's income state ment. Determine the missing amounts. Sales Cost of Gross Operating Net Revenue Goods Sold Prot Expenses Income (3.) 23,000 ? 30,000 '9 10,300 (b) E 103,000 55,000 ? '9 29,500 (c) ? 33,900 29,600 39,500 ? BEE-2 lGiovanni Company buys merchandise on account from lGordon Company. The selling price of the goods is 230, and the cost of the goods is 560. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies. BEE-3 Prepare the journal entries to record the following transactions on Benson Company, Ltd.'s books using a perpetual inventory system. (a) [In March 2, Benson Company sold 300,000 of merchandise to Edgebrook Company, terms 2! 10, nf30. The cost of the merchandise sold was 620,000. (b) On March 6, Edgebrook Company returned E 120,000 of the merchandise purchased on March 2. The cost of the returned merchandise was 90,000. (c) [In March 12, Benson Company received the balance due from Edgebrook Company. BEE-4 From the information in BEE3, prepare the journal entries to record these trans actions on Edgebrook Company's books under a perpetual inventory system. BEE-5 At yearend, the perpetual inventory records of Federer Company showed mer chandise inventory of CHF93,000. The company determined, however, that its actual inventory on hand was CHF96,100. Record the necessaIy adjusting entry. BEE-E- Drlaida Company has the following account balances: Sales Revenue 192,000, Sales Discounts 2,000, Cost of Goods Sold 105,000, and Inventory 40,000. Prepare the entries to record the closing of these items to Income Summary. BEE-If Yangtze Company, Ltd. provides the following information for the month ended October 31 , 201? (amounts in Chinese yuan}: sales on credit 230,000, cash sales 100,000. sales discounts "5,000, sales returns and allowances 22,000. Prepare the sales section of the income statement based on this information