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The ACME Company began business on Janaury 1, 2014. During 2014 ACME had the following ending inventory according to their records net income retained earnings

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The ACME Company began business on Janaury 1, 2014. During 2014 ACME had the following ending inventory according to their records net income retained earnings cost of goods sold At the end of 2015 ACME had the following ending inventory according to their records net income retained earnings cost of goods sold 0,000 90000 30,000 At the end of 2016 ACME had the following ending inventory according to their records net income retained earnings cost of goods sold 170,000 40,000 At the beginning of 2017, ACME decided to go public and had to have an audi: The auditor found the following Because they have many stores, ACME divides the counting of inventory between lack and ial Management sums lack's total and Jirs total to get ending inventory 2014; Neither Jack nor ill counted the 55000 of merchandise in the Bartlett store 2016: there were no mistakes in the count of 2016 inventory REQUIRED: FILL IN THE FOLLOWING TABLE FOR ACME 2014 REPORTED ACTUAL ENDING INVENTORY NET INCOME RETAINED EARNINGS COST OF GOODS SOLD 40000 40000 100000 2015 ENDING INVENTORY NET INCOME RETAINED EARNINGS COST OF GOOD SOLD 30000 50000 90000 130000 2016 ENDING INVENTORY NET INCOME RETAINED EARNINGS 800O0 170000

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