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Part 1 Izzo Inc has the following at the end of 2017 (its first year of business): Cash Receivables from customers Inventory of merchandise (at

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Part 1 Izzo Inc has the following at the end of 2017 (its first year of business): Cash Receivables from customers Inventory of merchandise (at cost) Equipment owned, at cost less used portion Accounts payable owed to suppliers Salary payable Total Sales Revenue for 2017 Expenses, including the cost of merchandise sold (excluding income taxes) Income taxes at 30% of pretax income; all paid during 2017 Contributed capital, 6,000 shares outstanding Dividends declared and paid during 2017 $50,000 18,400 41,900 49,500 54,625 12,450 169,500 133,750 80,000 12,300 Pp an rocome amacafansce31,207

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