Sandox Retail has the following unadjusted trial balance as at 30 June 2020 in the table:

	Debit ($)	Credit ($)
Cash	8,524
Accounts Receivable	7,000
Supplies	15,000
Prepaid Insurance	300
Insurance Expense	600
Equipment	27,000
Accumulated Depreciation	12,000
Other Assets	5,100
Wages Payable	1,500
Accounts Payable	7,500
Income Tax Payable	3,150
Share Capital (3000 shares outstanding all year)	16,000
Retained Profit	10,300
Sales Revenue	95,000
COGS	32,900
Wages Expense	18,000
Supplies Expense	25,680
Income Tax Expense	5,346
Total	145,450	145,450

Required: a) Prepare an Income Statement for Sandox Retail for the financial year 2019-2020. b) Prepare a Balance Sheet as of 30 June 2020. c) Prepare the closing journals for Sandox Retail.