1) Journalize both sides of the following transactions that occurred during April 2022 between the seller, Paper Clips, and the buyer, Big Red Paper Company, using the provided template: 04/21 Paper Clips takes an order for $25,000 worth of merchandise from Big Red Paper Company. Terms are 5/10, n/30 FOB Destination. The cost of the merchandise was $15,000. 04/22 Truckers, Inc. was paid $500 to ship the order. 04/25 $4,500 worth of merchandise is returned due to a mistake with the order. The cost of the returned merchandise was $3,000. 04/30 Paper Clips received a timely payment from Big Red Paper Company. 2) On December 31, 2022, Big Red Paper Company had sales of $945,000 for the year. Refunds in 2023 are expected to be 2.25% of sales. The cost of these returns is estimated to be $12,500. Journalize the two (2) adjusting entries required to account for the estimated customer refunds/returns. 3) Selected unadjusted accounts for Big Red Paper Company on December 31, 2022 are presented below: Office Salaries Expense 85,000 Interest Revenue 12,000 Cost of Goods Sold 690,750 Sales 940,500 Sales Salaries Expense 90,000 Store Supplies Expense 15,000 Office Supplies Expense 10,250 Interest Expense Dividends Unearned Revenue 9,500 15,750 25,000 a) Prepare a Multiple Step Income Statement for the year. 3-column format and 3-line header are required. b) Using the data above, close the adjusted temporary accounts in journal entry format