Required information RWP6.1 (Algo) Great Adventures Continuing Case [The following information applies to the questions disployed below] Now that operations for outdoor clinics and TENM 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, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so molsture from kayaking. rah, 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 2025. All watches are sald for $506 each. Joly 17 July 31 August. 12 August. 22 Septeeber 19 September. 27 Recelve sash of $12,600 for watches soild en account on August 22 : October 27 Purchsed to watches for $15,136 (\$176 per watch) cash. wovember 20 sold 96 watehes for $41,576 cash. Decenber 4 Purchased 112 watches for $20,832 ( $3136 per watch) on acceunt. Cecember if Sold 46 watches for $23,276 of account. RWP6-1 (Algo) Great Adventures Continuing Case Port 1 Required: 1.a. Calculate sales revenue, cost of goods sold, and ending inveritory as of December 31, 2025, assuming Suzic uses a FiFO perpetuol inventory system to account for inventory 1-b. Prepare the gross profit section of a portial income statement for transactions related to Mu watches. complete this question by entering your answers in the tabs below