The following numbers are taken from the financial statements of Sherry Company for

year ended Dec. $31,2020.$

During the audit, auditors detected the following transaction was not recorded:

Error: Company had sold $1,000$ units of a product called Zoom at a price of $$10$ per unit

on account. Applicable sales tax rate was $8\%$ which was not included in sale price. Each

unit of Zoom had cost $$8$ to purchase. Company had failed to record the transaction.

Company is using Perpetual Inventory System $($that is$,$ in recording transaction, both the

revenues and cost of sales and change in inventory are recorded$).$

What would be the adjusted balances for the above items in the financial statements

after recording the above transaction?

Example of Answer: Revenues $=2000$ Expenses $=1800$ Net Income $=200$ so on

$($No space, comma, decimal point, or $ sign$)$

Show negative amount with a minus Example: Net Cash Flows from Operating Activities

$=-3000$

Revenues $=$

Expenses $=$

Net Income $=$

Total Assets $=$

Total Liabilities $=$

Total SE $=$

Net Cash Flows from Operating Activities $=$

A

Net Cash Flows from Investing Activities $=$