Required information Great Adventures Problem AP6-1 [The following information applies to the questions displayed below) Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches Beyond the normal timekeeping features of most watches, MO watches are able to report temperature, altitude, and barometric pressure MU watches are waterproof, so moisture from Kayaking, rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2022. All watches are sold for $496 each Ful17 Purchased 46 watches for 56,716 (5146 per watch) on account. ul. Sold 36 watches for $17,356 cash. Rub. 12 Purchased 36 watches for $5,616 (5156 per watch) cash. Aug. 22 Sold 26 watches for $12,896 on account. Sep. 19 Paid for watches purchased on July 17. Sep, 27 Receive cash of $17.400 for watches sold on account on August 22 Oct. 27 Purchased 76 watches for $12,616 (5166 per watch cash Nov. 20 Sold 36 watches for 542,656 cash Dec. 4 Purchased 112 watches for $19.712 ($176 per watch) on account Deco Sold 36 watches for $17,556 on account. Great Adventures Problem AP6-1 Part 1 Required: 1-a. Calculate sales revenue cost of goods sold, and ending inventory as of December 31, 2022 assuming Suzie uses FIFO to account for inventory