Victornox Company ("VC") is an international trading company selling knives and scissors worldwide and adopts a perpetual inventory svstem. As at 31 December 2022, the accounting records have the following information: 3 Information on the unrecorded entries: (1) VC purchased 60 pairs of scissors from Red Cross Trading Ltd ("RCT") with $800 per pair on 24 December 2022 and payment will be made in February 2023. 12 pairs were ultimately discovered defective and returned to RCT on the same date. No records were made for the above purchase and return. (2) On 30 December 2022, VC delivered 8 pairs of scissors (cost: $800 per pair) to a customer who had paid $5,000 in advance in November 2022. The remaining balance was paid on the same date. The gross profit rate is 36%. No records were made for the delivery. (3) On 31 December 2022, VC performed a physical count and discovered that the inventory on hand was just $333,000. No record was made for the inventory shrinkage. Required: (a) Prepare the journal entries to bring the financial records of Victornox Company up-to-date as of 31 December 2022. No explanation is required. (22 marks) (b) Prepare the partial Income Statement of Victornox Company showing the gross profit for the year ended 31 December 2022 with the captions of Sales, Net Sales and Gross Profit. (7 marks)