Tom, a cash basis sole proprietor, provides the following information: gross receipts $30,000 dividend income (on personal investments) 200 cost of sales 15,400 other operating expenses 3,000 state business taxes paid 300 what amount should tom report as net earnings from self-employment?

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.