Prepare the Income Statement using the effective method for the years 2016, 2017, 2018 and 2019.

8. What was the accrual / accrual income and cost for 2017 if:

a) Of the total sales amount, $ 3,500 were sold in 2017 but were produced in 2016 and $ 1,350 were sold in 2018 but were produced in 2017.

b) In 2017, $ 1,250 of colino / corm is used that was purchased in 2016 and also $ 2,500 is used in 2017 but that will be paid in 2018.

a. $29,875; $32,708

b. $32,025; $28,958

c. -$29,875; $32,708

d. $36,875; $27,708

e. none