The end of month adjustments are below. a. Depreciation on shop equipment for the month is 15% p.a. prime cost (straight line). b. One-twelfth of the insurance expired. c. Superannuation payable for the month is 10% of the gross wages paid. d. Interest charged on the bank loan for the month was $152. The transactions above have been journalised and posted. The statement or profit or loss for June is below. Skate 'n' Surf Statement of profit or loss for the period 1 June to 30 June 20XX Revenue Sales revenue Sales revenue Less: Sales returns and allowances Net sales revenue Less: Cost of sales Gross profit Other revenue: 27,460 300 27,160 14,200 12,960 Other revenue: Discount received Expenses Advertising expense Depreciation expense Discount allowed Insurance expense Interest expense Postage and stationery expense Superannuation exepnse Wages expense Total expenses Net profit/(loss) 1,160 450 295 340 152 120 95 1,000 2,300 15,260 3,612 $11,648 Journalise end-of-year closing entries.