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 2019. All watches are sold for $299 each. Jul. 17 Purchased 49 watches for $7,301 ($149 per watch) on account. Jul. 31 Sold 39 watches for $11,661 cash. Aug. 12 Purchased 39 watches for $6,201($159 per watch) cash. Aug. 22 Sold 29 watches for $8,671 on account. Sep. 19 Paid for watches ordered on July 17 Sep. 27 Received full payment for watches sold on account on August 22 Oct. 27 Purchased 79 watches for $13,351 ($169 per watch) cash. Nov. 20 Sold 89 watches for $26,611 cash. Dec. 4 Purchased 118 watches for $21,122 ($179 per watch) cash Dec. 8 Sold 39 watches for $11,661 on account