A company purchased 100 units for

I will need help with the following questions#1 – A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on february 28. It sold 150 units for $45 each from March 01 through December 31. If the company uses the last-in, first out inventory costing method, calculate the amount of ending inventory on December 31. ( Assume that the company uses a perpetual inventory system.)A) $1,000 B) $2,250 C) $1500 D) $ 1,250#2 – ABC has 45,000 shares of $10 par common stock outstanding. They offer a stock split of 4 – for 1. The effect of the split will be.A) par drops to $2.50; total shares go to 180,000B) par drops to $ 5; total shares stay at 45,000C) par goes to $40; total shares go to 180,000D) par stays at 10; total shares go to 11,250#3 – On january 01, 2015, Bratios company purchases a equipment and signs a 6-year mortgage note for $80,000 at 15%. The note will be paid in equal annual installments of $21,139, beginning January 1, 2016. Calculate the portion of interest expense paid on the third installment. ( Round your answer to nearest whole number )A) $9,053 B) $12,000 C) $70,861 D) $21,139#4 – A corporation has 2,000 shares, 10% preferred stock of $50 par, and 6,000 shares of common stock outstanding. The net income for the year is $250,000. Calculate earnings per share.A) $40 B) $ 125 C) $50 D) $42#5 – If a company is financing more assets with debt than with equity, then theA) debt to equity ratio will be more than 1B) debt to equity ratio will be between 0 to 1C) debt to equity ratio will be negativeD) debt to equity ratio will be equal to 1#6 – Write True or FalseHorizontal analysis compares each item in the income statement to the net sales amount.#7 – Pluto Inc. Sold 500 units of inventory at $25 per unit on account. The company uses a perpetual inventory system. The cost of the units sold was $ 10 per unit. Provide the journal entries to record the sale on account.#8 – On January 16, whole Circle Inc. sold goods worth $ 5,000 to Smith on account. It could not collect cash from the customer, and finally decided to write off on account. Give journal entry to record the write-off assuming that the company uses the allowance method.#9 – Water Drops Inc. purchased equipment for $ 200,000. The company recorded total depreciation of $ 140,000 on the equipment. On January 1, 2015 the company traded in the equipment for new equipment, paying $150,000 cash. The fair market value of the new equipment is $250,000. Journalize Water Drop Inc’s exchange of equipment. Assume the exchange had commercial substance.