Amelia brown is studying towards bs in finance from perella weinberg partners and currently working as global equity analyst intern for macquarie group. emilia is new and asked to find errors that may happen in some fo the financial statements. she was taking notes starting from the balance sheet and the current assets vs. current liabilities. in her list, which of the following items should not be on a firm's balance sheet under current liabilities:
1. cost of goods sold.2. accounts payable.3. short-term notes payable to the bank.4. accrued wages.5. accrued payroll taxes.

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?