S 1. Apple Company's information for the month of January 2021 is given below. The amounts are not included Value Added Tax (VAT). Assuming VAT rate is % 18. January 1 January 8 January 17 was 60,000 TRY. January 24 January 29 was 65,000 TRY. Required: No beginning merchandise inventory, beginning cash 290.000 TRY. Purchased 90.000 TRY merchandise on account. Sold merchandise for 80.000 TRY on account. Cost of the merchandise sold Purchased 110.000 TRY merchandise inventory with cash. Sold merchandise for 120.000 TRY with cash. Cost of the merchandise sold Record VAT journal entries and prepare the T-Accounts (15 Points) Close the VAT account at January 31 (5 points) If necessary paid the amount at February 26 to the Tax Office. (5 points)