Jill, an accountant for U. S. Molecular, Inc. (USM), learns of undisclosed company plans to market a revolutionary new computer that uses atoms and molecules instead of chips and wires, Jill buys 1000 shares of USM stock. She reveals the company’s plans to Ken, who buys 500 shares. Ken tells Laura, who buys 100 shares. Laura knows that ken got his information from Jill. When USM publically announces its new computer, they all sell their shares for a profit. Who is subject to liability, under the Securities and Exchange Act of 1934, for insider trading?a) Jill onlyb) Ken onlyc) Jill and Kend) Jill, Ken and Laura

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?