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Requirement (Part One) Prepare an income statement for Pricilla's Posies, a merchandiser, for the year ended December 31, 2019. Part One: In 2018, Pricilla Conway
Requirement (Part One) Prepare an income statement for Pricilla's Posies, a merchandiser, for the year ended December 31, 2019. Part One: In 2018, Pricilla Conway opened Pricilla's Posies, a Part Two: Pricilla's Posies was so successful that Pricilla decided to Part Three: Show the ending inventories that would small retail shop selling floral arrangements. manufacture her own brand of floral supplies: Floral Sea appear on these balance sheets: (Click the icon to view the records.) Manufacturing. (Click the icon to view additional information.) Read the requirement (Part One). (Click the icon to view the records.) Read the requirements (Part Two). Part One: Begin by calculating the cost of goods sold for the year. Data table Requirements (Part Two) Data table 1. Calculate the Cost of Goods Manufactured for Floral Sea Manufacturing for the year ended December 31, 2020. 2. Prepare an income statement for Floral Sea Manufacturing for the year ended December 31, 2020. 3. How does the format of the income statement for Floral Sea Manufacturing differ from the income statement of Pricilla's Posies? to Part Three: Show the ending inventories that would appear on these balance sheets: (i) (Click the icon to view additional information.)
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