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On July 31, 2019, Shockwave Company reported profit of $500,000 for the year. But this figure included the following: a customer sales order for a

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On July 31, 2019, Shockwave Company reported profit of $500,000 for the year. But this figure included the following: a customer sales order for a $147,000 mid-August delivery; $4,800 of wages due but unpaid; and $2,000 insurance prepaid for August. The torrect profit for the year ended 31 July 2019 is $355,000 $351,000. $326,000. $470,200

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