Leroy Appliances had the following transactions in the month of September.. Sep. 4 Purchased inventory of $6,200 on account from Max Appliance Wholesale, an appliance wholesaler, Terms were 3/15, n/30, FOB shipping point: 4 Paid freight charges, $410. 10 Returned $400 of inventory to Max. 17 Paid Max Appliance Wholesale, less return and discount. 20 22 Purchased inventory of $4,600 on account from MY Appliance, an appliance wholesaler. Terms were 3/10, n/45, FOB destination. Received a $900 allowance from MY Appliance for damaged but usable goods. 29 Paid MY Appliance, less allowance and discount. Required: Journalize all necessary transactions using the periodic inventory system. Explanations are not required (16 marks) Question 2: Stock take on September 30 by Leroy Appliances, determined that the cost of closing inventories is $965. During the month of September, sales revenue amounted to $13,560. Operating expenses amounted to $2,100. Required: Prepare the income statement for the month of September. (14 marks)