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

Cash	$ 20,000
Beginning inventory	12,615	(145 units @ $87)
Common stock	14,300
Retained earnings	18,315

The following five transactions occurred in Year 2:

First purchase (cash): 125 units @ $89

Second purchase (cash): 200 units @ $97

Sales (all cash): 425 units @ $194

Paid $15,900 cash for salaries expenses

Paid cash for income tax at the rate of 40 percent of income before taxes

Req B2 T Acccounts

Record the Year 2 transactions in T-accounts assuming LIFO cost flow. Assume perpetual inventory system is used. (Round intermediate calculations to 3 decimal places. Round your final answers to the nearest whole dollar amount.)

Req B3 T Accounts

Record the Year 2 transactions in T-accounts assuming weighted-average cost flow. Assume perpetual inventory system is used. (Round intermediate calculations to 3 decimal places. Round your final answers to the nearest whole dollar amount.)

Req C

Use a vertical model to show the Year 2 income statement, balance sheet, and statement of cash flows under FIFO, LIFO, and weighted average. (Round intermediate calculations to 3 decimal places. Round your final answers to the nearest whole dollar amount. Amounts to be deducted and losses should be indicated with a minus sign.)