Perez Company started year 1 with $225,000 in its cash and common stock accounts. During year 1, Perez paid $168,750 cash for employee compensation and $51750 cash for materials Required a. Determine the total amount of assets and the amount of expense shown on the year 1 financial statements assuming Perez used the labor and materials to make 1,500 chairs. Further, assume that Perez sold 1.200 of the chairs it made. State the name(s) of the expense account(s) shown on the income statement b. Determine the total amount of assets and the amount of expense shown on the year 1 financial statements assuming Perez used the labor and materials to provide dental cleaning services to 500 patients. State the name(s) of the expense account(s) shown on the Income statement Complete this question by entering your answers in the tabs below. Required A Required. Determine the total amount of assets and the amount of expense shown on the year 1 financial statements assuming Perez used the labor and materials to make 1,500 chairs. Further, assume that Perez sold 1,200 of the chairs it made State the name(s) of the expense accounts) shown on the income statement Totalssets Total expenses Name of the expense Required > Complete this question by entering your answers in the tabs below. Required A Required B Determine the total amount of assets and the amount of expense shown on the year 1 financial statements assuming Perez used the labor and materials to provide dental cleaning services to 500 patients. State the name(s) of the expense account(s) shown on the income statement. Total assets Total expenses Name of the expenso