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I need income statement, and balance sheet please. Now that operations for outdoor clinics and TEAM events are running smoothly. Suzie thinks of another ares
I need income statement, and balance sheet please.
Now that operations for outdoor clinics and TEAM events are running smoothly. Suzie thinks of another ares for business exponsion. She notices that o few clinic porticipants wear multiuse (MU) wotches. Beyond the normal timekeeping festures of most watches, MU watches are sble to report tempersture, altitude, and barometric pressure. MU watches are waterproof, so moisture from kaysking. rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following tronsactions relate to purchoses and sales of watches during the second half of 2025 . All watches are sold for $500 each. July 17 Purchased 50 watches for $7,580 (\$150 per watch) on account. July 31 Sold 40 watches for $20, ee cash. August 12 Purchased 49 watches for \$5,48e (\$160 per watch) cash. August 22 Sold 30 watches for $15, 900 on account. Septenber 19 Paid for watches purchased on July 17. Septenber 27 Receive cash of $9, Detober 27 Purchased 89 watches for $13,600 ( $170 per watch) cash. November 20 sold 90 watches for $45, 000 cash. December 4 Purchased 100 watches for $18, ede (\$18e per watch) on account. December 8 sold 40 watches for $20,900 on account. Late in Uecember, the next generstion of multiuse (MU II) wotches is relessed. In addition to sll of the features of the MU wotch, the MU II watches ore equipped with a globol positioning system (GPS) and have the ability to downlood and play songs and videos off the Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net reslizable value of MU watches is only $100 per wotch
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