Question - 2) Seagull Company's balance sheets for Jan 1, 2019 and Dec.31, 2019 have the following account balances; ACCOUNT TITLE Cash Accounts Receivable Notes Receivable Interest Receivable Merchandise Inventory Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Unearned Rent Salaries Payable Jan. 1, 2019 936.000 800.000 2.400.000 64.000 3.600.000 100.000 8.000.000 2.500.000 1.880.000 120.000 220.000 Dec. 31, 2019 2.356.000 1.520.000 2.400.000 106.000 5.000.000 140.000 8.000.000 3.060.000 1.700.000 90.000 380.000 The summary of transactions related to cash accounts for the period is as follows. CASH RECEIVED Collection from customers Sales in cash Collection of Interest Collection of Rent CASH PAYMENTS 7.000.000 l Payments to suppliers 8.400.000 Payments for insurance 108.000 Payments for salaries 720.000 Other expenses Dividend payment 10.680.000 188.000 2.140.000 600.000 1.200.000 Instructions: a) Calculate the total sales for the period. b) Calculate the total purchase for the period. c) Calculate the cost of goods sold for the period. d) Calculate the insurance expense for the period. e) Calculate the salaries expense for the period. f) Calculate the interest revenue for the period. SHOW YOUR ALL CALCULATIONS for all of the above