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Find service revenue and operating expenses

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Kelly SpA had cash receipts from customers in 2022 of €192,000. Cash payments for operating expenses were €97,000. Cash paid for Inventory was €115,000. Kelly has determined the following information:

                                        January 1,          December 31
Accounts receivable was €13,000,            €18,600
Prepaid expenses were    €17,500.             € 23,200
Inventory                      €180,000           € 87,200
Acc Payable                  € 128,500                 € 66,400

Problem 1: Compute service revenue and operating expenses and COGS- cost of goods sold.

Reference no: EM132675505

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