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Great Adventures Problem 6-1 The following information applies to the questions displayed below. Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2019. All watches are sold for $292 each. Jul. 17 Purchased 42 watches for $5,964 ($142 per watch) on account. Jul. 31 Sold 32 watches for $9,344 cash. Aug. 12 Purchased 32 watches for $4,864 ($152 per watch) cash. Aug. 22 Sold 22 watches for $6,424 on account. Sep. 19 Paid for watches ordered on July 17 Sep. 27 Received full payment for watches sold on account on August 22. Oct. 27 Purchased 72 watches for $11,664 ($162 per watch) cash. Nov. 20 Sold 82 watches for $23,944 cash Dec. 4 Purchased 104 watches for $17,888 ($172 per watch) cash. Dec. 8 Sold 32 watches for $9,344 on account

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