Mike Greenberg opened Blue Window Washing Inc. on July 1, 2022. During July, the following transactions were completed.

July 1Issued 9,100 shares of common stock for $ 9,100 cash.1
Purchased used truck for $ 6,080, paying $ 1,520 cash and the balance on account.3
Purchased cleaning supplies for $ 680 on account.5
Paid $ 1,320 cash on a 1-year insurance policy effective July 1.12
Billed customers $ 2,810 for cleaning services performed.18
Paid $ 760 cash on amount owed on truck and $ 380 on amount owed on cleaning supplies.20
Paid $ 1,520 cash for employee salaries.21
Collected $ 1,220 cash from customers billed on July 12.25
Billed customers $ 1,900 for cleaning services performed.31
Paid $ 220 for maintenance of the truck during month.31
Declared and paid $ 460 cash dividend.

Look at Tootsie Roll Industry Inc.’s most current annual report. $10.00

Focus on the Balance Sheet, which Tootsie Roll Industries Inc. titles Consolidated Statements of Financial Position, and the notes following the financial statements. Answer the following questions in a clear and concise, professional business report. Consider using a table to present some of the information. Use APA format.

 What are the balances of net property, plant, and equipment at the company’s year-end for the three most recent years you are researching? 2012, 2013, and 2014Referring to the notes to the financial statements, what depreciation methods did the company use?What method does Tootsie Roll use to value its inventory?What is the amount of the receivables Tootsie Roll expects to collect (this is termed the net realizable value)?Calculate the fixed asset turnover, the accounts receivable turnover, and the inventory turnover. The formula for fixed asset turnover is Net income divided by net fixed assets. Explain each turnover.