The following information is able for X-collina on February 20 for the month just ended Aww of the $20,000 nadjusted balance in the prepaid cu but showing 13.00 Interest of Soccrued on a bank loan and is recorded of the 50-250 ront paldto X calling in advance 4.500 has not yet been med The estimated monthly depreciation on the building is 100 X-collinc purchased equipment at the start of the month The equimento! 555.500 and is expected to have 50 The following transactions occured during 2014 for Southgate ine which us a perpetual inventory system (a) February 1: Southgate Inc.'s merchandise was sold to Ludwig Inc. for $2.100 cash. The merchandise cost 51 580 (b) February 1 Southgate Inc purchased merchandise from Global Filler Corp for $3.300 under Credit Serms of 60 FOB destination (c) February 3: Southgate Inc merchandise was sold to Barton Corporation for 37.700 under credit torms of 2/15, 30, Foampoing on the cost of me marchew 160 (d) February 3: Southgate ine purchased merchandise from Valor Inc. for $9.000 under credit terms of 60, FOB shipping point (o) February 4: Paid 5400 for freight charges for the February purchase of merchandise February 7. Southgate ine's merchandise that cost 52,640 was sold to Holden Corp for $3,300 under Credit forms of 2/15, 190, FOD hing point (9) February 12. After negotiations with Velor in concoming problems with the merchandise purchased on February, cived a creat memories m) February 16 Issund $500 credit memorandum to Holden Corp. for an allowance on goods sold on February February 22: Received the balance due from Holden Corp for the sale dated February ) March 5 Received the balance due from Barton Corporation for the sale daled February ) Apr 2: Paid the amount tuto Global Fiber Comfort February 1 purchase 0) April 4: Paid the balance due to Volorine a) Calculate the sains for Southaleine during 2014 Nels by Calcate the cost of goods sold for Southgate ine during 2014 Cost of Goods Sold The following transactions occured during 2014 for Southgate Inc. which was a printers (a) February 1: Southgate Inc.'s merchandise was sold to Cudwig Inc. for $2,100 cash. The merchandise cost $1680. (6) February 1: Southgate Inc, purchased merchandise from Global Filer Corp. for $8.300 under Credit terms of 60 FOB destination (c) February 3 Southgatie Inc.'s merchandise was sold to Sarion Corporation for 57 700 under cream of 2015. 30. FOB shoping point the cost of the mature was 100 (d) February 3. Southgate Inc. purchased merchandise from Velorinc. for $9,000 under credit form of shoping point February 7. Southgate Inc.merchandise that cout $2.540 was sold to Holden Comp. for 3. under credit term of 2015,700, FOB aning pont (a) February 12 After negotiations with Valor Inc. concoming problems with the merchandise purchased on February received a creditorium grung auction 5000 th) February 16: issued a 5500 credit memorandum to Holden Corp. for analowance on goods sold on Pory 0) February 22: Received the balance de from Holden Corn for the sale deed February March Received the balance du from Burton Corporation for the sale dated February 0) April 2. Paid the amount due to Global For Corp. for the February purchase ) April 4: Pald the balance due to Velor in a) Calculate the net sales for Southgate Inc. during 2014 Net b) Calestate the cost of goods sold for Southgaten during 2014 Cost of Goods Soul The following information is able for X-collina on February 20 for the month just ended Aww of the $20,000 nadjusted balance in the prepaid cu but showing 13.00 Interest of Soccrued on a bank loan and is recorded of the 50-250 ront paldto X calling in advance 4.500 has not yet been med The estimated monthly depreciation on the building is 100 X-collinc purchased equipment at the start of the month The equimento! 555.500 and is expected to have 50 The following transactions occured during 2014 for Southgate ine which us a perpetual inventory system (a) February 1: Southgate Inc.'s merchandise was sold to Ludwig Inc. for $2.100 cash. The merchandise cost 51 580 (b) February 1 Southgate Inc purchased merchandise from Global Filler Corp for $3.300 under Credit Serms of 60 FOB destination (c) February 3: Southgate Inc merchandise was sold to Barton Corporation for 37.700 under credit torms of 2/15, 30, Foampoing on the cost of me marchew 160 (d) February 3: Southgate ine purchased merchandise from Valor Inc. for $9.000 under credit terms of 60, FOB shipping point (o) February 4: Paid 5400 for freight charges for the February purchase of merchandise February 7. Southgate ine's merchandise that cost 52,640 was sold to Holden Corp for $3,300 under Credit forms of 2/15, 190, FOD hing point (9) February 12. After negotiations with Velor in concoming problems with the merchandise purchased on February, cived a creat memories m) February 16 Issund $500 credit memorandum to Holden Corp. for an allowance on goods sold on February February 22: Received the balance due from Holden Corp for the sale dated February ) March 5 Received the balance due from Barton Corporation for the sale daled February ) Apr 2: Paid the amount tuto Global Fiber Comfort February 1 purchase 0) April 4: Paid the balance due to Volorine a) Calculate the sains for Southaleine during 2014 Nels by Calcate the cost of goods sold for Southgate ine during 2014 Cost of Goods Sold The following transactions occured during 2014 for Southgate Inc. which was a printers (a) February 1: Southgate Inc.'s merchandise was sold to Cudwig Inc. for $2,100 cash. The merchandise cost $1680. (6) February 1: Southgate Inc, purchased merchandise from Global Filer Corp. for $8.300 under Credit terms of 60 FOB destination (c) February 3 Southgatie Inc.'s merchandise was sold to Sarion Corporation for 57 700 under cream of 2015. 30. FOB shoping point the cost of the mature was 100 (d) February 3. Southgate Inc. purchased merchandise from Velorinc. for $9,000 under credit form of shoping point February 7. Southgate Inc.merchandise that cout $2.540 was sold to Holden Comp. for 3. under credit term of 2015,700, FOB aning pont (a) February 12 After negotiations with Valor Inc. concoming problems with the merchandise purchased on February received a creditorium grung auction 5000 th) February 16: issued a 5500 credit memorandum to Holden Corp. for analowance on goods sold on Pory 0) February 22: Received the balance de from Holden Corn for the sale deed February March Received the balance du from Burton Corporation for the sale dated February 0) April 2. Paid the amount due to Global For Corp. for the February purchase ) April 4: Pald the balance due to Velor in a) Calculate the net sales for Southgate Inc. during 2014 Net b) Calestate the cost of goods sold for Southgaten during 2014 Cost of Goods Soul