The following transactions occurred during the year ended 30 June 2021 for Brookline Ltd:

BROOKLINE LTD BALANCE SHEET AS AT 30 JUNE 2020 ASSETS $ LIABILITIES $
Cash 200 000 Wages payable 60 000 Accounts receivable 380 000 Accounts payable 240 000 Inventory 400 000 Total Current Liabilities 300 000 Prepaid rent 20 000 Total Current Assets 1 000 000 Long-term debt 0 Total Liabilities 300 000 Land 2 800 000 Equipment 3 000 000 Shareholders’ Equity Less accumulated depreciation (800 000) Share capital 4 440 000 Total Noncurrent Assets 5 000 000 Retained profits 1 260 000 Total Shareholders’ Equity 5 700 000 TOTAL ASSETS 6 000 000 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 6 000 a Purchased $80 000 of inventory on credit.
b Paid $171 000 to accounts payable.
c Sold inventory costing $160 000 for $380 000. 70% of sales are on credit and 30% are cash.
d Collected $165 000 from customers.
e Depreciated equipment for the year using the straight-line method (20% per annum and no scrap value).
f On 1 January 2020, borrowed $500 000 from the bank at 6% per annum interest.
g Paid $20 000 cash for supplies received during the year. At year end $6000 of supplies were still on hand (i.e. had not been used up).
h Paid wages of $270 000 in cash.
i Received interest of $16 000 in cash from the bank.
j Dividends declared and paid totalled $100 000.
k Principal and interest payable on 30 June 2022.
Additional information as at 30 June 2021:
l Accrued interest revenue had a balance of $3000.
m Prepaid rent had a balance of zero.
n Wages payable at year end had a balance of $40 000.
Using the balance sheet as at 30 June 2020, the transactions listed and the additional information provided:
1 List all Brookline Ltd’s revenues for the year ending 30 June 2021. Include account names and dollar amounts.
2 List all Brookline Ltd’s expenses for the year ending 30 June 2021. Include account names and dollar amounts.