A company provides an opening balance sheet as of 1 June 2023 (Section A) and is subjection to the following business transations. 1. Prepare the journal entries (Section B) and book the transactions on T-accounts (Section C)! 2. Close the T-accounts (Section C) and prepare the closing balance sheet and income statement as of 30 June 2023 (Section D)! (The VAT rate is 20%.) 1. Sale of a commercial service, paid in cash 22,000 net. 2. Capital contribution of 4,700 by bank transfer from its owners. 3. Settlement of a bank loan by bank transfer 3,000. 4. Sale of raw material in cash 69,000 gross. 5. Purchase of raw material on account 4,800 gross. 6. Sale of a medical service on account 1,400 net. 7. A trade receivable 65,000 is paid by bank transfer. 8. Pay out of a dividend of 1,800 in cash to its owners: 9. Payment of interest on loan by bank transfer 400. 10. Company receives 6,000 rent for a subleased office space by bank transfer. 11. Salary payments by bank transfer: Gross salaries 8,000, income wage taxes 1,100, church taxes 100. Social security: employee's and employer's share 920 each. 12. Purchase of a licence. Payment in cash: 1,800 gross. Further details: Closing inventory of raw material as of 30 June 2023 is 69,000