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 $510 each. July 17 Purchased 60 watches for $9,600 ( $160 per watch) on account. July 31 Sold 50 watches for $25,500 cash. August 12 Purchased 50 watches for $8,500 ( $170 per watch) cash. August 22 Sold 40 watches for $20,400 on account. September 19 Paid for watches purchased on July 17. September 27 Receive cash of $15,000 for watches sold on account on August 22. October 27 Purchased 90 watches for $16,200 ( $180 per watch) cash. November 20 Sold 100 watches for $51,000 cash. December 4 Purchased 120 watches for $22,800 ( $190 per watch) on account. December 8 Sold 50 watches, for $25,500 on account. |uired: Calculate sales revenue, cost of goods sold, and ending inventory as of December 31, 2025, assuming Suzie uses a FIFO petual inventory system to account for inventory. Prepare the gross profit section of a partial income statement for transactions related to MU mstches. Complete this question by entering your answers in the tabs below. Complete this question by entering yc Calculate sales revenue, cost of goods sold, perpetual inventory system to account for GREAT ADVENTURES, INCORPORATED Partial Income Statement For the Year Ended December 31, 2025