a) The following information is from Musical Inc. Ltd. It sells musical instruments with three stores in three different states across Australia. The July income statement for all stores is shown below:e Musical Inc. Ltd. Income Statemente Month Ending July 31, 2023- VICTORIA Store NSW Store QUEENSLAND Stored Sales $52 920 $32 340 $74 970- Cost of goods sold 27 930 14 700 36 750- Gross profit $24 990 $17 640 $38 2204 Expenses Selling expenses 3 087 1 470 4 704- Wages expense 11 760 8 820 13 2304 Costs allocated from head office 8 085 4 410 22 050 Total expenses $22 932 $14 700 $39 984- Operating income (loss) S 2 058 $ 2 940 ($1