Bradbury Ptd Ltd uses a first in, first out (FIFO) inventory system to account for its purchases of specialty pens. On 1 June, Bradbury had 300 pens on hand at a cost of $10 per pen. Purchases and sales were:

Date	Detail
June 1	Purchased 200 pens at $12 each
June 9	Sold 350 pens at $20 each
June 10	Purchased 400 pens at $9 each
June 14	Sold 200 pens at $17 each
June 20	Sold 150 pens at $22 each
June 28	Purchased 250 pens for $15 each

A stocktake at 30 June revealed 448 pens on hand.

Required:

A) Record the transactions in the general journal using the periodic inventory system.

B) an abridged income statement for 30 June