Some of Land Electronics's merchandise is gathering dust. It is now December 31, 2018, and the current replacement cost of the ending merchandise inventory is $25,000 below the business's cost of the goods, which was $90,000. Before any adjustments at the end of the period, the company's cost of Goods Sold account has a balance of $390,000 Read the requirements Date Accounts and explanation Debit Credit Dec 31 Requirement. At what amount should the company report merchandise inventory on the balance sheet Land should report merchandise inventory on the balance sheet at Requirement. Al what amount shout the company report cost of goods so on the income statement Land should report cost of goods and on the income statement at 5 Choose from any storenteanumber in the inputs and then continue to the next question Requirement 2. At what amount should the company report merchandise viventry on the balance sheet? Land should report merchandise inventory on the balance sheet ats Requirement. Al what amount shout the company report cost of goods so on the income statement Land should report cost of goods sold on the income statement at Requirement 4. Which accounting principle or concept is most w ant to the on? is the reason to account for merchandise inventory at Choose from any lost or enter any number in the input fields and then continue to the next