Q)Prepare the performance of the financial statement & Explain the below adjustments with its treatment in financial statement. A) Outstanding Expenses
B) Prepaid Expenses
C) Accrued income
D) Income received in advance
E) Depreciation

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.