What is the answer of Thornhill Capital?

Chapter 8 Post-Class Homework Take me to the text The following information was taken from the financial records of Redmond Public House, owned by Marcus Thonhill at its year end of October 31, 2021. The company uses the periodic inventory system and combines its beverage and food inventory in a single account. Freight-In $1,190 Interest Expense $3,400 Inventory, November 1, 2020 $158,000 Inventory, October 31, 2021 $124,470 Purchase Returns and Allowances $10,430 Purchases $102,270 Rent Expense $29,920 Salaries & Wages Expense $43,9901 Sales Discounts $9,640 Sales Revenue $255,750 Required a) Calculate the cost of Sales. Do not enter dollar signs or commas in the input boxes. Do not use negative signs. Inventory, November 1, 2020 $ 158000 Purchases $ 102270 Purchase Returns and Allowances $ 10430 Net Purchases $ 91840 Freight-In $ 1190 Subtotal $ 93030 Cost of Goods Available for Sale $ 251030 Inventory, October 31, 2021 $ 124470 Cost of Sales $ 126560 b) Prepare the closing entries using the income summary method. When closing accounts, use the income summary method. Close all sections in alphabetical order. Account Title and Explanation Debit Credit Date 2021 Oct 31 Purchase Returns and Allowances 10430 Sales Revenue 255750 Income Summary 266180 Close revenue and credit accounts Close revenue and credit accounts Oct 31 Income Summary 190410 Freight-In 1190 Interest Expense 3400 Rent Expense 29920 Salaries & Wages Expense 43990 > Sales Discounts 9640 Close expense and debit accounts Oct 31 Income Summary . 158000 Inventory 158000 To remove beginning inventory Oct 31 Inventory 124470 Income Summary 124470 To update ending inventory Oct 31 Income Summary . Thonhill, Capital Close income summary account