Hello, good afternoon! I need help with these 2 questions, thank you!!!

1)

2)

Your answer is incorrect. The accountant for the Lintz Sales Company is preparing a multi-step income statement for 2025 and the balance sheet at December 31, 2025. The January 1, 2025 inventory balance will be reported only as an asset on the balance sheet. as a deduction in the cost of goods sold section of the income statement and as a current asset on the balance sheet. only in the cost of goods sold section of the income statement. as an addition in the cost of goods sold section of the income statement and as a current asset on the balance sheet. x Your answer is incorrect. Which of the following items will not appear in the statement of stockholders' equity? Discontinued operations Net losses Dividends declared Prior period adjustment