On December 1, 2022, Bramble Corp. had the account balances shown below. Cash Accounts Receivable Inventory (3,300 x $0.60) Equipment Debits $4,810 3,740 1,980 22,700 $33,230 Accumulated Depreciation-Equipment Accounts Payable Common Stock Retained Earnings Credits $1,550 3,150 9,900 18,630 $33,230 The following transactions occurred during December. Dec. 3 5 7 Purchased 4,300 units of inventory on account at a cost of $0.70 per unit. Sold 4,700 units of inventory on account for $0.80 per unit. (It sold 3,300 of the $0.60 units and 1,400 of the $0.70.) Granted the December 5 customer $80 credit for 100 units of inventory returned costing $50. These units were returned to inventory. Purchased 2,300 units of inventory for cash at $0.90 each. Sold 2,000 units of inventory on account for $0.99 per unit. (It sold 2,000 of the $0.70 units.) 17 22 Adjustment data: 1. 2. ot Accrued salaries and wages payable $450. Depreciation on equipment $190 per month. Income tax expense was $220, to be paid next year. Enter the December 1 balances in the ledger T-accounts and post the December transactions. (Post entries in the order of journal entries presented above.) Cash Dec. 1 Bal. 4810 Accounts Receivable Dec. 1 Bal. 3740 Dec. 5 4 4 4 A Inventory 4 4 t Equipment Equipment 4 Accounts Payable 4 Accumulated Depreciation Equipment Salaries and Wages Payable 4 Common Stock t Income Taxes Payable Retained Earnings 4 4 Sales Revenue a 4 Salaries and Wages Expense 4 Cost of Goods Sold A not Cost of Goods Sold Sales Returns & Allowances Depreciation Expense Income Tax Expense Prepare an income statement for December 2022. Bramble Corp. Income Statement For the Month Ended December 31, 2022 - $ A: $ $ Prepare a classified balance sheet at December 31, 2022. (List current assets in order of liquidity.) Bramble Corp. Balance Sheet Assets $ $ $ Liabilities and Stockholders' Equity $ $ Liabilities and Stockholders' Equity $ 4 $ $ e Textbook and Media Compute ending inventory and cost of goods sold under FIFO, assuming Bramble Corp. uses the periodic inventory system. Ending Inventory $ Cost of Goods Sold $ Compute ending inventory and cost of goods sold under LIFO, assuming Bramble Corp. uses the periodic inventory system. Ending Inventory $ Cost of Goods Sold $