Use the following Information to Answer the Questions 1) Apr 1. The W-Corp Authorized 200,000 shares of $1 par value stock mation to Answer the questions Relow (show your work) 2) Apr 2, The W-Corp Issued 50,000 shares of Common stock for $5 each 3) Apr 3, The W-Corp Issued 300 Bonds for $1.000 Each (Face Value $1,00 Annually on December 31) s for $1.000 Each (Face Value $1.000 and Face Rate of 12% paid 4) Apr 4, The W-Corp Bought Funment (10 Year Life) for $240.000 on accou Apro, The W-Corp Bought 500 Bikes for each total of $30,000 with a check a. FY The Business Uses the Perpetual FIFO method of Inventory Valuation 6) Apr 10, The W-Corp Bought 500 Bikes for $80 each, total of $40,000 on Account Apr 15, The W-Corp paid this Month's Operating Expenses of $22.000 with checks The W-Corp Sold 700 Bikes to the Gavilan Bike Shop for $200 each, on Account Apr 20, The W-Corp Bought Back 5.000 shares of Common stock for $3.00 each from the Investors 10) Apr 30, The W-Corp Recorded 1 month of Depreciation on the Equipment using the Straight Line method 11) Apr 30, The W-Corp Recorded one month of Interest Payable on the Bonds 12) Apr 30, The W-Corp Paid Dividends in the amount of $1.20 per share of Common Stock Outstanding 1) Compute the Following: a) Gross Profit for the Month = b) Net Income for the Month = _ 09.00 2) Compute the Ending Retained Earnings Balance at Month End = 3) Compute The Ending Inventory Balance in Dollars at Month End =