Amit, Inc., an S corporation, holds an AAA balance of $921,000 at the beginning of the tax year. During the year, the following items occur. Amit, Inc., stats Operating income $751,500 Interest income 9,750 Dividend income 19,530 Municipal bond interest income 9,000 Long-term capital loss from sale of investment land 11,100 Section 179 depreciation deduction 9,000 Charitable contributions 28,500 Cash distributions 85,500 Amit's ending AAA balance is:

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.