The first picture shows all the instructions, the second picture shows the first question with the options for the left boxes. The rest of the pictures show the other questions with their options.

an "extra" for $1,000. In the first year, 10,400 units were sold. All costs per unit totalled $850. Required 1. As the CFO, how would you record transactions relating to the patent in the first year? 2. Prepare the income statement for the integrated system's operations for the first year. Evaluate the profitability of the integrated system's operations. Use an income tax rate of 32%. 3. Explain what items were recorded as assets and why. sales transaction. In the first year, 10,400 units were sold. All costs per unit totalled $850. Record the cost of sales transaction. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Journal Entry } \\ \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Durtan will sell the integrated system as an "extra" for $1,000. In the first year, 10,400 units were sold. Record the sale of the integrated systems, assuming all sales were on account. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Journal Entry } \\ \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} whole number.) \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Journal Entry } \\ \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} asset as Durtan has the exclusive right to use it in production . Since its expected useful life is it should evaluate the profitability of the integrated system's operations. he integrated system operations were Net income of Requirement 3. Explain what items wer I why. value of not profitable ?corded as asset as Durtan has the exclusive right to use it in production Since its expected useful life is it should profitable The integrated system operations were Net income of Requirement 3. Explain what items were recorded as assets and why. The value of should be recorde $10,400,000 is 32% an has the exclusive right to use it in production Since its expected useful life is it should $856,800 is 8.24% $1,260,000 is 12.12% GPS Evali ed system's operations. The i hands-free cell phone Req pet income of The value of asset as Durtan has the exclusive right to use it in production Since its expected useful life is it should The value of should be recorded as asset as Durtan has the exclusive right to use it in production Since its expected useful life is it should Evaluate the profitability of the integrated system's operations. The integrated system operations were Net income of a tangible Requirement 3. Explain what items were recorded as assets and why. an intangible The value of should be recorded as asset as Durtan has the exclusive right to use it in production Since its expected useful life is it should Evaluate the profitability of the integrated system's operations. for 8 years The integrated system operations were . Net income of for 20 years Requirement 3. Explain what items were recorded as assets and why. forever The value of should be recorded as asset as Durtan has the exclusive right to use it in production Since its expected useful life is it should Evaluate the profitability of the integrated system's operations. The integrated system operations were Net income of Requirement 3. Explain what items were recorded as assets and why. The should be recorded as asset as Durtan has the exclusive right to use it in production Since its expected useful life is it should be amortized on a straight-line basis over 8 years be amortized over 20 years Icome of and why. not be amortized e recorded as asset as Durtan has the exclusive right to use it in production Since its expected useful life is , it should