You work for Southern California Edison and the police departments of several cities require your support to identify potential venues growing marijuana. It seems that clandestine sites that produce this plant use 500% above the energy average use. The CEO of SCE asked you to prepare a report to handle the different police departments to enforce the law regarding producing marijuana in California. You decide that you will use the data science cycle to prepare your report. So for each one of the steps, you will describe how you will prepare your report. You are very motivated by the fact that the CEO selects you to prepare the SCE report.

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?