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Campbell Company started year 1 with $120,000 in its cash and common stock accourts, During year 1 . Campoell paid $90,000 cash for employee compensation and $27,600 cash for materials. Required a. Determine the total amount of assets and the amount of expense shown an the year 1 financlal statements assuming Campbell used the labor and materials to make 1,500 chairs. Furthet, assume that Campbell sold 1,200 of the chairs it made. Slate the namess 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 Campbel used the labor and materials to provide dental cleaning services to 500 patients. State the name(s) of the expense accountis) ahom on the income statement. Q Answer is not conplete. Complete this question by entering your answers in the tabs below. Determine the tonal dmount of assees and ehe amount of cupense shown on the vear 1 Pinangat afmement assuming Campbell used the iabor and materials to make 1,500 chalrs, further, assurthe that Cempben inla 1,200 or the chairs it made: State the naerse(s) of the expense account(s) shown on the income statement. Campbell Company started year 1 with $120,000 in its cash and common stock accounts. During yeor 1, Campber paid 590,000 canh for employce compensation and $27,600 cash for materials. Required a. Determine the total amount of assets and the amount of expense shown on the yoar 1 financlal statements assuming Campber used the labor and materials to make 1,500 chairs. Further, assume that Campbell sold 1200 of the chairs it made. State the nameti ef 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 Canpoes unet the labor and materials to provide dental cleaning services to 500 patients. State the name(s) of the expense accourtiv shown on the income statement. 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the totol amount of assets and the amount of expense shawn on the year 1 fnancisi atateniesis assuming Campbeli used the labor and materials to provide dental ceaning services to se0 batients. State tre name(il ar the expense account(s) shown on the inceme staterient