Question $4$ of $4$

$-16$

As of January $1,2025,$ Larkspur Inc. adopted the retail method of accounting for its merchandise inventory.

To prepare the store's financial statements at June $30,2025,$ you obtain the following data.

$\backslash$table$[[,$Cost,$\backslash$table$[[$Selling$],[$Price$]]],[$Inventory$,$ January $1,$$$27,000,$$$45,100$