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Gamma is a company that produces furniture. Its balance sheet was as follows at 31/12/19 (data expresses in euro): ASSETS LIABILITIES Cash 300.000 Capital stock

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Gamma is a company that produces furniture. Its balance sheet was as follows at 31/12/19 (data expresses in euro): ASSETS LIABILITIES Cash 300.000 Capital stock 450.000 Inventories of final 300.000 Net income 330.000 product Accounts receivables 140.000 Retained earnings 350.000 Fixed assets $60.000 Long-Term Debt 400.000 Raw materials inventory 20.000 Deferred income 170.000 WIP Inventories 80.000 Total assets 1.700.000 Total liabilities 1.700.000 During the 2020 the following events take place, answer the following questions using this starting balance sheet.Labour's costs are 450.000, cash paid. Direct material for 150.000

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