Please complete all the empty parts

Part One in 2012. Pat Lorecend Pals Pasien, asnal retail shop selling foral Part Two: Pat's Posis was a success that Pat decided to unutture her own Part Three:Show the andre vertors would appear on these arrangements On December 31, 2012, her accounting records show the following brand of formal supplies Flora Village Manufacturing. At the end of December 2014 balance sheets me to where her accounting records show the folowng 1. Pat's Poses at December 31, 2013 Read the grown min to view the 2. Vilaga December 31, 2014 Read that the Part One Begn by calling the cost of goods sold for the year Data Table Duta Table fort Divery Beginning we Cost of 153.000 the y en 2013 2700 y on January, 2013.12.000 Planice Work in processor, De, 2014 Frohet goede inventory December 2013 In Dec.2014 5 4.300 5 2.500 5 300 8 5000 4,000 5 0 4,00 # 100.000 5 100 Las Endre Cow of Newer 4,000 16.000 few Caschine Dr. Doc 3 3 2000 Print One 5 $ Server Les Coul of goods and GO Rowerowy Drobet 2013 Rowery 2014 Work in promener 2013 1400 18.000 500 5 1.100 5 0 Choose from any istoranteraryumber in the outfields and then click Print Clone dant Part One: Begin by calculating the cost of goods sold for the year. Pat's Posies Calculation of Cost of Goods Sold For the Year Ended December 31, 2013 Beginning inventory Plus: Purchases Cost of goods available for sale Less: Ending inventory Cost of goods sold 12,600 36,000 48,600 9,700 38,900 Now prepare an income statement for Pat's Posies, a merchandiser, for the year ended December 31, 2013. Pat's Posies Income Statement For the Year Ended December 31, 2013 Sales revenue $ 53,000 Less: Cost of goods sold 38,900 Gross profit 14,100 Less: Operating expenses Sales commissions expense 4,000 Rent expense 3,400 Utilities expense 1,600 9,000 Operating income 5,100 Part Two: Requirement 1. Calculate the cost of Goods Manufactured for Floral Village Manufacturing for the year ended December 31, 2014. Begin by calculating the direct materials used during the year. Floral Village Manufacturing Calculation of Direct Materials Used For the Year Ended December 31, 2014 Beginning raw materials inventory 16,000 Plus: Purchases of direct materials 32,000 Materials available for use 48,000 Less: Ending raw materials inventory 9,500 $ Direct materials used 38,500 $ 0 $ Floral Village Manufacturing Calculation of Cost of Goods Manufactured For the Year Ended December 31, 2014 Beginning work in process inventory Plus: Manufacturing costs incurred Direct materials used Direct labor Manufacturing overhead Total manufacturing costs to account for Less: Ending work in process inventory $ Cost of goods manufactured 38,500 27,000 13,750 79,250 4,000 75,250 Requirement 2. Prepare an income statement for Floral Village Manufacturing for the year ended December 31, 2014. Begin by calculating the cost of goods sold for the year. (For accounts with a $0 balance, make sure to enter "o" in the appropriate cell.) Floral Village Manufacturing Calculation of Cost of Goods Sold For the Year Ended December 31, 2014 Beginning finished goods inventory Plus: Cost of goods manufactured 75,250 Cost of goods available for sale 75,250 Less: Ending finished goods inventory 4,500 Cost of goods sold $ 70,750 0 $ LOG Prepare an income statement for Floral Vilage Manufacturing for the year ended December 31, 2014 Floral Village Manufacturing Income Statement For the Year Ended December 31, 2014 Sales revenue 108,000 Cost of goods sold 70,750 Groos pront 37.250 Low Operating expenses Sales salary expense 5 4300 Customer service hotline exponto 1.100 Delivery expense 2.800 7.000 29,150 Operating income Requirement 3. How does the format of the income statement for Floral Village Manutacturing differ from the income statement of Pats Posies? A manufacturer's cost of goods sold is based on its cost of goods manufactured. In contrast, a merchandiser's cost of goods sold is based on its merchandise purchases Part Three Requirement 1. Show the ending inventories that would appear on the balance sheet of Pats Polos at December 31.2013. (la box is not used in the statement teave the box en tr. do not select a late or entera 2003 Pat's Posies Balance Sheet (Partial December 31, 2013