Debs Fashion Pty Ltd completed these inventory transactions in the month of April 2022. At the beginning of April, the ledger of Debs Fashion showed cash of $2475 and share capital of $2475. The following transactions were completed during April:

Apr. 04Purchased inventory on account from Upmarket Supply Ltd $1623, terms 2/7, n/30.06Sold inventory on account $1375, terms 2/7, n/30. The cost of the inventory sold was $110006Received credit from Upmarket Supply Ltd for inventory returned $83.07Paid $55 freight to We Deliver on 6 April sale.11Paid Upmarket Supply Ltd the amount outstanding.13Received payments from customers invoiced on 6 April.14Purchased inventory for cash $1210.16Received refund from supplier on cash purchase of 14 April, $138. 21Purchased inventory from French Fashion Ltd $1575, terms 2/7, n/30.22Paid freight $28 to Fast Delivery Ltd for the 21 April purchase. 23Sold inventory for cash $2035. The cost of the inventory sold was $1683.26Purchased inventory for cash $633.27Paid French Fashion Ltd the amount owing.29Made refunds to cash customers for inventory sold for $25. The returned inventory had a cost of $19.30Sold inventory on account $1018, terms n/30. The cost of the inventory sold was $825.

Debs Fashion Pty Ltds chart of accounts includes Cash, Accounts receivable, Inventory, Accounts payable, Share capital, Sales, Sales returns and allowances, Discount received, Discount allowed, Cost of sales, Freight-out, and Freight-in.

Required: Prepare the statement of profit or loss up to gross profit for the month of April.