please answer question (B) and Provide a detailed Income statement

The Wizz Electronics sells a variety of electronic devices including a variety of WIFI SMART camera bulbs. The business began the second quarter (April to June) of 2022 with 15 (V380PRO) camera bulbs at a total cost of $108,750. The following transactions relating to the "V380PRO" camera bulbs were completed during the quarter. \begin{tabular}{|l|l|} \hline April 7 & 90bulbswerepurchasedatacostof$6,850each.Inaddition,thebusinesspaidfreightchargesof$800cashoneachbulbtohavetheinventoryshippedfromthepointofpurchasetotheirwarehouse. \\ \hline April 30 & ThesalesforAprilwere75bulbswhichyieldedtotalsalesrevenueof$803,250.(15ofthesebulbsweresoldonaccounttotwofongstandingcustomersofthebusiness) \\ \hline May 6 & A new batch of 80 bulbs was purchased at a total cost of $654,800 \\ \hline May 9 & UponinspectionoftheinventorypurchasedonMay6,five(5)ofthebulbswerefoundtobedefectiveandwerereturnedtothesupplier. \\ \hline May 31 & During the month 62 of the camera bulbs were sold at a price of $11,450 each. \\ \hline June 5 & Acustomer,towhom7ofthebulbsweresoldduringthefirstbusinessdayofMay.returned3unitsofthemerchandise,astheywereofanothermake&model. \\ \hline June 14 & Owingtoanincreaseddemand,afurther110bulbswerepurchasedatacostof$9,000each;thesuppliergavea3%quantitydiscountonthepurchase. \\ \hline June 30 & 116 bulbs were sold during June at a unit selling price of $12,250. \\ \hline June 30 & Anactualcountofinventorywascarriedoutatthecloseofbusinesswhichrevealedthattherewere36unitsoftheV380PRObrandofmerchandiseinthestoreroom. \\ \hline \end{tabular} Unless otherwise stated, assume that all purchases were on account and received on the dates stated. Required: (A) Prepare a perpetual inventory record for this merchandise, using the first in, first out (FIFO) method of inventory valuation to determine the company's cost of goods sold for the quarter and the value of ending. (20 marks) (B) Given that selling, distribution and administrative costs associated with the V 380PRO brand of WIFI SMART camera bulbs for the quarter were $27,255,$42,400, and $140,600 respectively. prepare an income statement for The Wizz (V380PRO) for the quarter ended June 30, 2022. ( 6 marks) (C) Journalize the transactions for the month of April, assuming the company uses a: Periodic inventory system Perpetual inventory system (8 marks) (D) Buckley Enterprise sells a product that cost $450 per unit and has a monthly demand of 5,000 units. The annual holding cost per unit is calculated as 5% of the unit purchase price. It costs the business $75 to place a single order. Currently the business places 12 orders each year. i) What is the total stock administrative cost of Buckley's current inventory policy? ii) Is this the entity's cost minimizing solution for this product each year? Explain. ( 6 marks)