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Sprint 11:25 PM wilmu.blackboard.com Transactions Use the data below to answer the 10 questions in the Week 2- Formation of a P&L -Blackboard Assignment During

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Sprint 11:25 PM wilmu.blackboard.com Transactions Use the data below to answer the 10 questions in the "Week 2- Formation of a P&L -Blackboard Assignment" During this month the Zyzywyx Company (ZeeCo) sold 1200 zwirfles at $35 each and 2350 widgets at $75 each. Sales involve a simple transfer of title to the buyer at the time the goods are loaded onto trucks at their shipping dock. Historically, sales are reduced by about 2% due to quantity discounts, sales incentives, non-payment by cash buyers (bad checks, non-payment of accounts, etc) so we should "reserve" for this possibility. (Note: there are several ways to account for such events but ZeeCo chooses to do so by adjusting sales). Zwirfles cost $12 to make; widgets cost $35 to make. The company pays $15 for the material in each widget and $20 for the labor to assemble it. ZeeCo pays $5 for the material in each zwirfle and $7 for the labor to assemble it. The company makes the products in the same month in which they are shipped. Interest expense is $5,963. Costs associated with salaries, marketing, travel, and office expenses is $18,170 this month. Depreciation was $1,250 and taxes during this period were $4,000. Feel free to use the table below to help you gather your thoughts o for this assignment. You don't have to use it, but the intention here is to create a basic income statement from the information in the case by answering the questions below. Perhaps this table might help. If you don't want to use it, that is fine. It is merely optional o Monthly Sales Sales (with Gross and Profit Net Income

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