Q1. following actual data were taken from records of united company for the end 31/12/2018 inventory 1.1 800 000 inventory 31.12 600 600 Sales 9.000.000 sales return 750 000 Purchase 5000 000 Purchase discount 250 000 Transportation-in 400 000 Purchase commission 200,000 sales commission 350,000 transportation out 550,000 office salaries 750 000 office dectric 650,000 boss of sales assets 350,000 rent revenues 800.000 inconx taxes 250.000 Required: calculate the following for the year ended 31/12/2018 (20 marks 1. Net sales 2. Purchase expenses 3.Net purchase 4. Cost of good available for sales 5 Cost of goods sold 6. Gross profit 7. Operation expenses 8. Operation Income 9.Income before income taxes 10. Income for the year Q2. Following accounts balances for the year ended 31/12/2020 cash 6000,000 Inventories 3500.000 Debtor 5500,000 Good will 2000,000 Trade mark 1500 000 Equipment 14000,000 Land 42000.000 Building 25000,000 prepaid expenses 1500000 capital account 64000000 owners drawing 500 000 Accrued expenses 1500 000 Account payable 3750 000 Net profit 15000 000 creditor 8750 000 Retained earnings December 31,12 17500 000 Accumulated depreciation of Equipment 2.500 000 Accumulated depreciation of building 3 500 000 Required: Prepare balance sheet as at 31/12/2020 (20 marks). Q3. One company wanted to build one building by contact at total cost 80 000 000 ID. And following other information. 31.5.2000 10 000 000 ID. 31.7.2000 30 000 000 ID. 30.9.2000 60 000 000 ID. 31. 12. 2000 80 000 000 ID. Require. I. Record journal entries. 2. prepare necessary account (20 marks)