5) Local Hometown Store had the following transactions in September 2021: a) Sold $27,000 of goods to customers and received $21,000 in cash and the rest are on account b) The cost of the inventory sold was $14,000 c) The store purchased $9,500 of inventory and paid for $4,000 in cash and the rest were bought on account d) They paid $6,800 in wages for the month e) Received a $500 bill for utilities for the month that will not be paid until May f) Received rent for the adjacent store front for the months of September and October in the amount of $5,000 Required (21 marks): a) Prepare the journal entries in good form. b) Complete the following statement of earnings. Accrual Basis Statement of earnings Revenues: Sales to customers Rent Revenue Expenses: Cost of sales Wages expense Utilities expense Profit