Now that operations for outdoor clinics and TEAM events are running smoothly. Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, 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 transactions relate to purchases and sales of watches during the second half of 2025 . All watches are sold for $503 each. July 17 Purchased 53 watches for $8,109 (\$153 per watch) on account. July 31 Sold 43 watches for $21,629 cash. August 12 Purchased 43 watches for $7,009 (\$163 per watch) cash. August 22 Sold 33 watches for $16,599 on account. September 19 Paid for watches purchased on July 17. September 27 Receive cash of $10,800 for watches sold on account on August 22. 0ctober 27 Purchased 83 watches for $14,359 (\$173 per watch) cash. November 20 Sold 93 watches for $46,779 cash. December 4 Purchased 106 watches for $19,398 (\$183 per watch) on account. December 8 Sold 43 watches for $21,629 on account. Aeouired: 1.a. Calculate sales nevenues cost of goods sold and eoding itwentory as of December 31.2025 assuming Sutie uses a Fifo perpetual imentony system to account for inventoby. th. Prepure the gross proft section of a parbal income statement for transactions related to MU watches. Complete this question by entering your answers in the tabs below. Calsate sales revenute cest of gonds sold, and ending inventory as of December 31,2025 , assuming Suse uses a FIFO perpetuai imenton system to actount for ifventory. Prepare the gross profit section of a partial income statement for transactions related