Use the following select information reported by Yale Co$.$ at December $31$

to complete the requirements that follow.

a$.$ Is Yale Co$.$ a merchandise or manufacturing company? How can you tell?

b$.$ Determine the following amounts that would be reported on the company's income statement for the

year:

Gross Profit:

Net Income:

c$.$ Determine the total amount of current assets that would be reported on the company's

balance sheet as of December $31,20xx.$