onal Financial Accounting I., Accounting fo NE011, GT AKMNL005, INBGA0210-17, TTM 16 Complete the SOCIE considering the following transactions and answer all the questions below 1) Issued 900 ordinary shares for cash at $4 per share. Par value: $1. The Company sold some inventory for $600. (The inventory were purchased for $1,100). 23 The Company pays back the long-term liabilities. $900 3) 41 51 6) 99 Declared, still not paid dividend of $70 Dividend income $580 depreciation expense $30 PPE were revalued by a $100 increase. A machine that cost $290 is purchased for cash inventory was purchased for $500 on credit Question 1: How much is the profit or loss of the Compres Answer