The accounting records of Wall$$s China Shop reflected the following balances as of January $1,$ Year $2$:

Cash $$16,400$

Beginning inventory $18,655(205$ units @ $$91)$

Common stock $15,000$

Retained earnings

$20,055$

The following five transactions occurred in Year $2$:

First purchase $($cash$)120$ units @ $$93$

Second purchase $($cash$)200$ units @ $$101$

Sales $($all cash$)355$ units @ $$186$

Paid $$13,900$ cash for salaries expense.

Paid cash for income tax at the rate of $25$ percent of income before taxes.

Required

a$.$ Compute the cost of goods sold and ending inventory, assuming

$(1)$ FIFO cost flow

$(2)$ LIFO cost flow and

$(3)$ weighted$-$average cost flow

b$.$ Compute the cost of goods sold and ending inventory, assuming

Use a vertical model to show the Year $2$ income statement under FIFO, LIFO, and weighted average.

Note: Do not round intermediate calculations. Round your answers to nearest whole dollar amount.

$(1)$ FIFO cost flow

$(2)$ LIFO cost flow and

$(3)$ weighted$-$average cost flow

Note: Do not round intermediate calculations. Round your answers t

Req $A$

Req B$1$

Use a vertical model to show the Year $2$ balance sheet under FIFO, LIFO, and weighted average.

Note: Do not round intermediate calculations. Round your answers to nearest whole dollar amount.

Req B$1$

Req B$2$

Req B$3$

Use a vertical model to show the Year $2$ statement of cash flows under FIFO, LIFO, and weighted average.

Note: Do not round intermediate calculations. Round your answers to nearest whole dollar amount. Cash outflows should be

indicated with a minus sign.

WALL'S CHINA SHOP

Statements of Cash FlowsUse a vertical model to show the Year $2$ income statement, balance sheet, and statement of cash flows under FIFO, LIFO, and weighted average. $($Hint: Record the events under an accounting equation before preparing the statements.$)$

PLEASE HELP