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Please see the attached document for the questions.th On December 31, 2019, the Income Statement section of the worksheet for Capeletti Distributors contained the following

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Please see the attached document for the questions.th

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On December 31, 2019, the Income Statement section of the worksheet for Capeletti Distributors contained the following information. 135, aea Section Income Summary Sales Sales Returns and Allowances Sales Discounts Interest Inccvme Purchases Freight In Purchases Returns and Purchases Discounts Rent Expense utilities Expense Telephone Expense Salaries Expense Payroll Taxes Expense Supplies Expense Depreciation Expense Interest Expense Totals Allowances $ 39,2aa $ 42,5aa 257,5aa 4, 2aa 2, saa 2,300 1, 59a 8 , sae 1,6aa 66, 7aa 5,33a 1, 76a $274, 48a $ 3e4,ega Assume further that the owner of the firm is John Capeletti and that the John Capeletti, Drawing account had a balance of $26,500 on December 31, 2019.

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