Part 3

I have provided all the information i was given,1, 2, nd 3 are listed above

- Requirement (Part One) Prepare an income statement for Pauline's Posies, a merchandiser, for the year ended December 31, 2019. On December 31, 2019, her accounting records show the following: Sales revenue. $ 59,000 Utilities for shop 1,400 Inventory on December 31, 2019... $ 9,200 Inventory on January 1, 2019 ...... $ 12,100 Rent for shop 4,400 Sales commisions 4,500 Purchases of merchandise... $ 38,500 $ $ ***** Requirements (Part Two) 1. Calculate the cost of Goods Manufactured for Floral World Manufacturing for the year ended December 31, 2020. 2. Prepare an income statement for Floral World Manufacturing for the year ended December 31, 2020. 3. How does the format of the income statement for Floral World Manufacturing differ from the income statement of Pauline's Posies? At the end of December 2020, her accounting records show the following: Utilities for plant ... $ 4,400 Delivery expense.. $ 4,200 Sales salaries expense.. $ 5,000 Plant janitorial services.. $ 1,650 Work in process inventory, December 31, 2020. $ 6,000 Finished goods inventory, December 31, 2019 $ Finished goods inventory, December 31, 2020 ...... $ 2,000 Sales revenue.. $ 105,000 Customer service hotline expense $ 1,600 Direct labor $ 29,000 Direct material purchases $ 34,000 0 10 $ Rent on manufacturing plant 9,400 Raw materials inventory, December 31, 2019........ $ 15,000 Raw materials inventory, December 31, 2020. 6,000 Work in process inventory, December 31, 2019 0 $ $ 1. Pauline's Posies at December 31, 2019 Floral World Manufacturing at December 31, 2020 2. Part One: In 2018, Pauline Root opened Pauline's Posies, a small retail shop selling floral arrangements. (Click the icon to view the records.) Read the requirement (Part One). Part Two: Pauline's Posies was so successful that Pauline decided to manufacture her own brand of floral supplies: Floral World Manufacturing. (Click the icon to view the records.) Read the requirements (Part Two). Part Three: Show the ending inventories that would appear on these balance sheets: (Click the icon to view additional information.) Part One: Begin by calculating the cost of goods sold for the year. Pauline's Posies Calculation of Cost of Goods Sold For the Year Ended December 31, 2019 Plus: Less