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$1.$ Company B$,$ Inc., is a startup business that wants to sell prepackaged meal kits to retail customers. The kits come with recipes and related instructions allowing consumers to easily make their own home cooked meals.

The company begins its operations on January $3,2024,$ with the following transactions:

Its two owners each invest $$200,000$ cash in the company

The company sets the price of its individual meal kits at $$40$ each. It also decides to offer annual meal kit subscriptions at $$6000.$ In return for subscribing, customers will receive $20$ meal kits per month. On January $10,$ the company incurs the following expenditures:

$$ It buys $$50,000$ worth of office equipment

$$ It buys $$50,000$ worth of packaging and shipping equipment. The office and shipping equipment has a useful life of $2$ years, $2$ months and no salvage value.

$$ It enters into a two$-$year lease on office space, rent $$48,000/$year$,$ each year payable in advance on January $1.$

$$ It borrows $$1,200,000$ from a local bank for working capital. The loan is payable in full, three years. Interest is payable at $10\%$ of the unpaid loan balance at the end of each year

$$ It purchases $80,000$ prepackaged meal kits from a wholesaler for $$10$ each

During the months of January and February, the company sells $5000$ individual meal kits and $400$ annual subscriptions. $1200$ of the individual meal kits and all of the subscriptions are sold for cash. $3800$ of the individual meal kits are sold to another retailer on account, the entire balance to be paid March $15.$ The individual meal kits are delivered during the month of February, and the appropriate share of the subscription kits in January and February. The company also spends an additional $$50,000$ cash on expenditures indirectly related to the marketing, sale and delivery of the kits and for general business operations. Also, at the end of February, the company pays $$5000$ cash to each of its owners.

What is Company B$$s sales, cost of sales and gross margin?

What is Company B$$s lease expense?

What is Company B$$s net income? Its ending inventory? Its accounts receivable?

How much cash does the Company B have on hand as of February $28,2024?$

What is the value of Company B$$s equity account on its $2/28/204$ Balance Sheet?

What is the total value of Company B$$s current assets and current liabilities as of $2/28/2024?$ What is the value of Company B$$s total assets, total liabilities and total owner$$s equity as of $2/28/2024?$

What is the value of Company B$$s inventory as of $2/28/204$ using the FIFO method of inventory costing? Using the LIFO method of inventory costing?

What are Company B$$s net cash flows from operations, investing and financing during January and February $2024?$ Please provide the numeric answers if you can not just an explanation.