Question
Jeannie is known for beautiful Arabian influenced abstracts. On May and August of this past year she had an exhibition and sold paintings at each
Jeannie is known for beautiful Arabian influenced abstracts. On May and August of this past year she had an exhibition and sold paintings at each event. She estimates that the cost of each painting in canvas and supplies is about $375.
a) The sales are as follows:
i) May - 16 paintings for a total of $ 17,200
ii) August 10 paintings for a total of $ 12,000
b) She paints in a studio located in a separate building on the property of their home. The expenses related to the studio allocated on the basis of square footage are as follows:
i) Depreciation $3,500
ii) Taxes $1,900
iii) Utilities $2,400
To answer this question the boxes in the excel sheet below must be filled correctly, what is there right now is my previous attempt and may be wrong.
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