The accounts of Marissa Babilonia Health Store selected from the Dec. 31, 2018 trial balance are as follows: Problem #9 ce Advertising Expense Transportation Out Transportation in Depreciation Expense-Office Equipment Depreciation Expense-Store Equipment Merchandise Inventory, 1/1/2018 Merchandise Inventory, 12/31/2018 Miscellaneous Expenses Office Supplies Expense P150,000 260,000 110,000 140,000 100,000 1,160,000 1,040,000 90,000 430,000 6,710,000 250,000 180,000 960,000 1,130,000 9,810,000 260,000 140,000 70,000 Purchases Purchases Returns and Allowances Purchases Discounts Salaries Expense-Selling Salaries Expense-General Sales Sales Returns and Allowances Sales Discounts Selling Supplies Expense Required: Prepare the income statement using the function of expense method. Problem #10 The accounts of Ramon Woo Milk Products follow: P 16,950 43,700 22,450 Accounts Payable Accounts Receivable Accumulated Depreciation- Office Equipment Accumulated Depreciation- Store Equipment Cash Woo, Capital Cost of Goods Sold Woo, Withdrawals General Expenses Interest Expense Interest Payable Inventory, 1/1/2018 16,000 7,890 74,620 ? 9,000 116,700 5,400 1,100 69,350 Inventory, 6/30/2018 Long-term Notes Payable Office Equipment Purchases Purchase Discounts Purchase Returns & Allows. Salaries Payable Sales Discounts Sales Returns & Allows. Sales Selling Expenses Store Equipment Supplies Unearned Revenues P 65,520 39,000 58,680 364,000 1,990 3,400 2,840 10,400 18,030 731,000 132,900 88,000 5,100 13,800 Required: Prepare the income statement using the function of expense method. In a separate schedule, show the computation of cost of goods sold