Bon nebo co. sold 25,000 annual subscriptions of bjorn 20xx for $85 during december 2014. these new subscribers will receive monthly issues, beginning in january 2015. in addition, the business had taxable income of $840,000 during the first calendar quarter of 2015. the federal tax rate is 40%. a quarterly tax payment will be made on april 12, 2015.prepare the current liabilities section of the balance sheet for bon nebo co. on march 31, 2015.

Jiffy printing shops does a lot of printing job for college students. the shop use an average of 25 cases of copy paper each day during the 312 days last year. the shop opens 6 days a week for 52 weeks each year and closes on sundays. each case of paper costs $35. it conducts a count of its paper inventory at the end of every quarter of the year. the table below shows the inventory counting records for last year. inventory end of quarter 1 700 cases end of quarter 2 1,050 cases end of quarter 3 920 cases end of quarter 4 800 cases 1. what's jiffy's cost of goods sold last year? 2. what's jiffy's average aggregate inventory value? 3. what's jiffy's inventory turnover last year? 4. what is the printing shop's weeks of supply last year?