On December 1,2022 , Coronado Company had the account balances shown below. (3,000$0.60) The following transactions occurred during December: Dec. 3 Purchased 4,200 units of inventory on account at a cost of $0.78 per unit. 5 Sold 4,500 units of inventory on account for $0.94 per unit. (Coronado sold 3,000 of the $0.60 units and 1,500 of the $0.78. 7 Granted the December 5 customer $177 credit for 200 units of inventory returned costing $118. These units were returned to inventory. 17 Purchased 2,000 units of inventory for cash at $0.84 each. 22 Sold 2,200 units of inventory on account for $0.99 per unit. (Coronado sold 2,200 of the $0.78 units.) (To record cost of poods sold.) To record salks returns.' (To record cost of sales returns) To record sales revenue.) [To record cost of goods sold.] (To record accrued expense.) (To record depreclation expense.) 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 Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Salaries and Wages Payable Owner's Capital Sales Revenue Salaries and Wages Expense Cost of Goods Sold Sales Returns \& Allowances Depreciation Expense Prepare an adjusted trial balance as of December 31, 2022. CORONADO COMPANY Adjusted Trial Balance Prepare a multiple-step income statement for December 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CORONADO COMPANY Income Statement Net Sales $ Less : Sales Returns and Allowances $ Prepare a classified balance sheet at December 31, 2022. (List Current Assets in order of liquidity.) CORONADO COMPANY Balance Sheet Assets Current Assets Cash $ Accounts Receivable Inventory Total Current Assets Total Assets $ Liabilities and Owner's Equity $ - Your answer is incorrect. Compute ending inventory and cost of goods sold under FIFO, assuming Coronado Company uses the periodic inventory system. Ending Inventory $ Cost of Goods Sold $ Compute ending inventory and cost of goods sold under LIFO, assuming Coronado Company uses the periodic inventory system. Ending Inventory $ Cost of Goods Sold $