follow the instructions, for part b put it into a journal and ledger

Merchandising Business Assignment Part A 1. Complete the following cost of Goods calculation for the year ended December 31, 2020. Add the appropriate missing side headings to explain the calculations being done. Cost of Goods Sold Beginning Inventory $ 4,000 Add: Purchases 26,000 1 Cost of Goods Sold 19,000 Given the following additional information, calculate Gross Profit and Net Income (Loss). (Net) Sales for the year = $47,500 Expenses for the year = $15,250 Gross Profit = $28,000 Net Income = 2. Complete the following Cost of Goods calculation for the year ended December 31, 2020. Add the appropriate missing side headings to explain the calculations being done. Cost of Goods Sold Beginning Inventory 40,000 140,000 90,000 Cost of Goods Sold Given the following additional information, calculate Gross Profit and Net Income (Loss). (Net) Sales for the year = $120,000 Expenses for the year = $30,545 Gross Profit Net Income = Submit the following form for this portion of the assignment. The form refers to question 2. Part B Journalize the following transactions for Excel TV and Stereo. Reference slideshows #24 and #25 for this assignment. You do not need to include any account numbers (not yet posted to ledger). Dec. 1 Received invoice #435 from Paramxount Manufacturing for our order of television sets, $3045 + HST 2 Received invoice #B616 from Murray Transport Company for transportation charges on the above shipment of television sets, $435 + HST 3 Received invoice #7042 from Swiss Stationers for a shipment of office forms and supplies to be used in the business, $236 +HST 4 Issued sales invoice #789 to Purbhoo for stereo speakers and electronic parts, $417+HST 5 Issued cash sales slip #143 for the cash sale of merchandise from the store, $92 + HST 5 Shipped delivery to customer W. Purbhoo (from the 4th). FedEx invoiced Excel TV S50 + HST. Invoice #700 received from FedEx. In addition tax was remitted to the government on December 31st. HST Payable was $1500 and HST Refundable was $930. Paid using cheque #200. Provide the correct journal entry to update the accounts for remittance of the HST. DATF ACCOUNT TITLES AND EXPLANATION RFF DERIT CREDIT