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Q1) Les Fleurs, boutique in Paris, France, had given accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E")



Freight In


Sales discounts


Purchase returns






December 31, 20X1


Purchase discounts


December 31, 20X2


Sales returns


Administrative Expenses





Balance Sheet - December 31, 20X1







Owner's Equity



find out following for Les Fleurs in 20X2: (Do not convert figures to US dollars.)

1. Net income
2. Cost of goods sold
3. Gross profit
4. Net sales revenue
5. Balance sheet, December 31, 20X2
6. Statement of Owner's Equity, December 31, 20X2

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