Required information [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, MU 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 2025. All watches are sold for $507 each July 17 July 31 August 12 August 22 Purchased 57 watches for $8,949 ($157 per watch) on account. Sold 47 watches for $23,829 cash. Purchased 47 watches for $7,849 ($167 per watch) cash. Sold 37 watches for $18,759 on account. September 19 Paid for watches purchased on July 17. September 27 Receive cash of $13,200 for watches sold on account on August 22.1 Purchased 87 watches for $15,399 ($177 per watch) cash. October 27 November 20 December 4 December 8 Sold 97 watches for $49,179 cash. Purchased 114 watches for $21,318 ($187 per watch) on account. Sold 47 watches for $23,829 on account. Required: 1-a. Calculate sales revenue, cost of goods sold, and ending inventory as of December 31, 2025, assuming Suzie uses a FIFO perpetual inventory system to account for inventory 1-b. Prepare the gross profit section of a partial income statement for transactions related to MU watches Complete this question by entering your answers in the tabs below. Reg la Req 1b) Calculate sales revenue, cost of goods sold, and ending inventory as of December 31, 2025, assuming Suzie uses a FIFO perpetual inventory system to account for inventory. Sales Revenue Cost of Goods Sold Ending Inventory Req 1b> Complete this question by entering your answers in the tabs below. Req la Req 1b Prepare the gross profit section of a partial income statement for transactions related to MU watches. GREAT ADVENTURES, INCORPORATED Partial Income Statement For the Year Ended December 31, 2025 Gross Profit