The adjusted trial balance of Tsai Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2014: Sales Revenue $912,110, Freight-out $17,070, Sales Returns and Allowances $29,410, and Sales Discounts $16, 390.

(a) Prepare the sales revenues section of the income statement.

(b) Prepare separate closing entries for (1) sales revenue, and (2) the contra accounts to sales revenue.