On July 15, 2026, fire damaged the office and warehouse of Teal Corporation. The only accounting record saved was the general ledger, from which the following trial balance was prepared: TEAL CORPORATION TRIAL BALANCE June 30, 2026 Cash $11,900 Accounts receivable 152,000 Inventory, December 31, 2025 168,000 Land 66,100 Buildings 303,000 Accumulated depreciation $57,000 Equipment 27,900 Accounts payable Other accrued expenses Common stock Retained earnings 151,000 44,100 10,000 352,300 Sales revenue Purchases 656,000 467,500 Miscellaneous expense 74,000 $1,270,400 $1,270,400

What is the formula used for the questions without using excel?

what exactly is a cookie jar reserve?  Does using a cookie jar reserve follow GAAP?  Does using a cookie jar reserve appear to be an ethical practice?  Support your opinion.  Your post should be more than a single sentence.

hrl.3 answer must be in proper format or i will give down vote

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