Shown below is some Notes Receivable financial data of the Smithson Financial Institute Note $2500, 60-day, 12% Due Date Interest $100, 10-day, 18% $955, 90-day, 10% $1800, 120-day, 12% $1350, 30-day, 16% $5000, 90-day, 10% Required: Prepare the necessary calculations to complete the chart. Maturity Value Problem 9-1 Listed below are the inventory records for the Mason Merchandising Firm. Date Units April Purchase Beginning Inventory Unit Cost 7,000 Total Cost 3.00 25,000 21,000 3.10 May Purchase 35,000 77,500 3.15 June Purchase 20.000 110,250 3.27 65.400 Total 87,000 274,150 The ending inventory consists of 10,000 units of which 5,000 units are from the beginning inventory and 5,000 are from the May purchase. Assume that net sales are $500,000 and selling and administrative expenses are $90,000. Required: 1) Prepare an income statement using the specific invoice inventory method. 2) Prepare an income statement using the average unit cost inventory method. 3) Prepare an income statement using the FIFO inventory method. 4) Prepare an income statement using the LIFO inventory method