Company B, Inc., is a startup business that wants to sell prepackaged meal kits to retail customers. The kits come with recipes and related instructions allowing consumers to easily make their own home cooked meals. I The company begins its operations on January 3, 2022, with the following transactions: Its two owners each invest $100,000 cash in the company The company sets the price of its meal kits at $20 each. It also decides to offer annual meal kit subscriptions at $1800. In return for subscribing, customers will receive 10 meal kits per month. On January 10, the company incurs the following expenditures It buys $20,000 worth of office equipment and supplies It buys $20,000 worth of packaging and shipping equipment and supplies. It enters into a two-year lease on office space, rent $24,000/year, each year payable in advance. It borrows $50,000 from a local bank for working capital. The loan is payable in $ full, with interest in three years. It purchases 5000 prepackaged meal kits from a wholesaler for $8 each During the months of January and February, the company sells 1000 individual meal kits and 100 annual subscriptions. 600 of the individual meal kits and all of the subscriptions are sold for cash. 400 of the individual meal kits are sold to another retailer on account, d the entire balance to be paid March 15. The individual meal kits are delivered during the month of February, and the appropriate share of the subscription kits in January and February. The company also spends an additional $10,000 on expenditures indirectly related to the marketing, sale and delivery of the kits and for general business operations. Also, at the end of February, the company pays $2000 to each of its owners as a share of Company B's profits. Based on the above information, for the first two months of 2022: What is Company B's sales, cost of sales and gross margin? What is Company B's lease expense? What is Company B's net income? How much cash does the Company B have on hand as of February 28, 2022? What is the value of Company B's equity account on its 2/28/2022 Balance Sheet? What is the total value of Company B's current assets as of 2/28/2022? What is the value of Company B's total assets, total liabilities and total owner's equity as of 2/28/2022? What is the value of Company B's inventory as of 2/28/2022 using the FIFO method of inventory costing? Using the LIFO method of inventory costing? What are Company B's net cash flows from operations, investing and financing during January and Ebruary 2002?