part II of my assignment. Thanks in advanced if you can help me this is a crucial assignment.

Great Adventures Problem AP6-1 (GL) [The following information applies to the questions displayed below.] Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2022. All watches are sold for $500 each. Jul. 17 Purchased 50 watches for $7,500 ($150 per watch) on account. Jul. 31 Sold 40 watches for $20,000 cash Aug. 12 Purchased 40 watches for $6,400 ($160 per watch) cash Aug. 22 Sold 30 watches for $15,000 on account Sep. 19 Paid for watchess purchased on July 17. Sep. 27 Receive cash of $9,000 for watches sold on account on August 22. Oct. 27 Purchased 80 watches for $13,600 ($170 per watch) cash. Nov. 20 Sold 90 watches for $45,000 cash. 4 Purchased 100 watches for $18,000 ($180 per watch) on account. 8 Sold 40 watches for $20,000 on account. Dec Dec Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the MU Il watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $100 per watch Unadjusted GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 Revenues Net Sales Gross Profit Operating Expense Total Operating Expenses Operating Income (Loss) Income Before Income Taxes Great Adventures Problem AP6-1 (GL) [The following information applies to the questions displayed below.] Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2022. All watches are sold for $500 each. Jul. 17 Purchased 50 watches for $7,500 ($150 per watch) on account. Jul. 31 Sold 40 watches for $20,000 cash Aug. 12 Purchased 40 watches for $6,400 ($160 per watch) cash Aug. 22 Sold 30 watches for $15,000 on account Sep. 19 Paid for watchess purchased on July 17. Sep. 27 Receive cash of $9,000 for watches sold on account on August 22. Oct. 27 Purchased 80 watches for $13,600 ($170 per watch) cash. Nov. 20 Sold 90 watches for $45,000 cash. 4 Purchased 100 watches for $18,000 ($180 per watch) on account. 8 Sold 40 watches for $20,000 on account. Dec Dec Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the MU Il watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $100 per watch Unadjusted GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 Revenues Net Sales Gross Profit Operating Expense Total Operating Expenses Operating Income (Loss) Income Before Income Taxes