I need complete answer please

VI. Practice Task Instruction: Solve for what is asked in the following problems. DO NOT prepare financial statement yet. This task is for you to practice your analyzing Praand computing skills. Write your answer in your module notebook. DO NOT PUT YOUR ANSWER/S IN THIS MODULE. 1. At the end of the first month of operations for Juan's Service Company, the business had the following accounts: Cash, Php19,000; Prepaid Rent, Php500; Equipment, Php5,000 Accounts Payable Php2,000. By the end of the month, Jackson's had earned Php20,000 of Revenues, Php1,000 of Utilities Expenses and Php1,500 of Salaries Expenses. Calculate the net income to be reported by the company for this first month. (Topic: Calculation of net income) 2. During October, a sari-sari store had the following transactions involving revenue and expenses. Did the firm earn a net income or incur a net loss for the period? What was the amount? ale Paid Php1,200 for rent Provided services for Php2,750 in cash Paid Php250 for telephone service Provided services for Php1,900 on credit Paid salaries of Php1,675 to employees Paid Php350 for office cleaning service (Topic: Calculation of Net Income) 3. Compute for the Cost of Goods Sold using the following: Sales - 15,000 Purchases - 2,000 Purchase returns - 200 Purchase discounts - 200 Freight in - 100 Beginning inventory - 1,000 Ending inventory - 500 (Topic: Calculation of cost of goods sold)