QUESTION ONE: The following information is available from the trail balance of Segma Company Ltd for the year ended on December 31st, 2022: Explanation Fixed and Long-term assets Accumulated depreciation Operating expenses Other expenses and losses Beginning inventory Purchases during the period Purchase discount and returns Sales revenue Sales discounts and return Accounts and notes receivable Allowances for bad debts Cash and cash equivalents Creditors and other liabilities Notes payable Common Stock Retained earnings Total Other information: Ending inventory value is $35,000. 1. Net purchase: a. $228,000 b. 2. Cost of goods available for sales: a. $232,000 b. 3. Cost of goods sold: a. $267,000 4. Net sales: a. $560,000 b. $212,000 $200,000 $197,000 Dr b. $540,000 300,000 115,000 12,000 20,000 220,000 10,000 125,000 se 26,000 Using the information presented above, draw a circle on the correct answer: muesvi 828,000 Cr bne des c. 45,000 c. 8,000 $550,000 30,000 EVO 20,000 130,000 SE 12,500 32,500 828,000 $220,000 $212,000 $232,000 $550,000

QUESTION ONE: The following information is available from the trail balance of Segma Company Ltd for the year ended on December 3114,2022 : 5. Gross income: a. $343,000 6. Operating Income: a. $228,000 7. Net income: a. $228,000 8. Net value of fixed assets: a. $300,000 b. $363,000 b. $216,000 b. $216,000 b. $345,000 9. Net value of accounts and notes receivable: a. $112,500 b. $125,000 10. Total value of current assets: a. $138,500 b. $173,500 11. Total value of assets: a. $428,500 b. $473,500 12. Total liabilities: a. $030,000 b. $020,000 13. Stockholders' Equity: a. $162,500 b. $130,000 14. Total liabilities and stockholders' equity: a. $212,500 b. $428,500 c. $350,000 c. $223,000 c. $223,000 c. $255,000 c. $137,500 c. $151,000 c. $393,500 c. $050,000 c. $378,500 c. $386,000