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Comprete tnis question dy entering your answers in tne caps D Prepare an updated gross profit section of a partial income statement a For what amount would MU inventory be reported in the D . Prepare an updated gross profit section of a partial income Complete this question by entering your answers in the For what amount would MU inventory be reported in the Decemb - You received partial credit in the previous attemr Comprece this question oy entering your answers in tne taps Deiow. Record any necessary adjusting entry on December 31, 2025, related to this information. (If no entry is select "No Journal Entry Required" in the first account field.) Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2025. All watches are sold for $506 each. July 17 Purehased 56 watchen for $8,736 (\$156 per watch) on account. July 31 Bold 46 watchen for $23,276cash. August 12 Purchased 46 watehen for $7,636 (\$166 per watch) cash. Auquat. 22 Sold 16 vatehes for $18,216 on account. Sertember 19 Paid for watchen purchased on July 17. Beptember 27 heceive eanh of $12,600 for watches sold on aceoant on August. 22. October. 27 Purchaned 86 watichen for $15,136 ( $176 por yatch) cash. Novenber 20 fold 96 watches for $48,576 cash. Decenber 4 Furchaned 112 watchen for $20,832 ( $186 per wateh) on aceount. December 8 5old 46 vatehes for $23,276 on account. RWP6-1 (Algo) Great Adventures Continuing Case Part 2 2. Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the MU II watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Internet. The demond for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $106 per watch. Comprete tnis question dy entering your answers in tne caps D Prepare an updated gross profit section of a partial income statement a For what amount would MU inventory be reported in the D . Prepare an updated gross profit section of a partial income Complete this question by entering your answers in the For what amount would MU inventory be reported in the Decemb - You received partial credit in the previous attemr Comprece this question oy entering your answers in tne taps Deiow. Record any necessary adjusting entry on December 31, 2025, related to this information. (If no entry is select "No Journal Entry Required" in the first account field.) Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2025. All watches are sold for $506 each. July 17 Purehased 56 watchen for $8,736 (\$156 per watch) on account. July 31 Bold 46 watchen for $23,276cash. August 12 Purchased 46 watehen for $7,636 (\$166 per watch) cash. Auquat. 22 Sold 16 vatehes for $18,216 on account. Sertember 19 Paid for watchen purchased on July 17. Beptember 27 heceive eanh of $12,600 for watches sold on aceoant on August. 22. October. 27 Purchaned 86 watichen for $15,136 ( $176 por yatch) cash. Novenber 20 fold 96 watches for $48,576 cash. Decenber 4 Furchaned 112 watchen for $20,832 ( $186 per wateh) on aceount. December 8 5old 46 vatehes for $23,276 on account. RWP6-1 (Algo) Great Adventures Continuing Case Part 2 2. Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the MU II watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Internet. The demond for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $106 per watch