Problem 2 4/6 Problem 8 marks Part 1 Find the missing numbers for OAK & HEMLOCK Inc, 2019 is the company's first year af aperations. List the letter with the number on your paper. Hint: Work In chronological order. It morks! 2020 2019 $500 la) (b) Year Net Income Other Comprehensive Income Comprehensive income Dividends declared Retained earnings Accumulated other comprehensive income $100 $1,125 $13 id) $505 SO e) If Part 2: (6 marks) Unrelated to the above, the fallowing are selected ledger accounts of GIRCII Corporation at December 31, 2019 Advances from customers $1,000 Purchase discount Advertising 1900 Purchase Delivery out 930 Rental revenue Depreciation of office equipment 380 Sales returns Depreciation of soles equipment 1,200 Sales salaries and commissions Insurance expense 1,836 Sales Interest expense 1,020 Freight in Merchandise Inventory as of Jan. 1, 2017 6,000 Travel and entertainment Clice salaries 2,460 Utilities - Office Other comprehensive income 450 a. What does it mean to classify expenses "by function". Using the accounts and balances above, give an example of a lunction and list the expenses that wauld be classified under it. Only one example of a function will do) b. What does it mean to classify expenses "by nature". Using the accounts and balances above, give an example of a grouping by nature. Only one grouping by nature will do $230 35,000 1,400 790 5,940 48,000 1,720 590 495 - +