a) Calculate the missing amounts to complete the above statements. Use the below table toenter your response. (4 Marks)b) Prepare the closing entries based on the information presented in the above twostatements. Narrations are not required. (6 Marks)

Marked out of Aitkin Retail 10.00 Income Statement Flag question For the year ended 30 June 2022 Sales revenue $55 600 Sales returns and allowances $650 Sales discounts (A)? Net sales revenue $54 550 Cost of sales $12 500 Gross profit (B) ? Operating expenses $5 500 Finance expenses $1 200 Net profit $35 350 Aitkin Retail Statement of Changes in Equity For the year ended 30 June 2022 Aitkin, Capital 1 July 2021 $25 700 Net profit (C)? Drawings (D)? Aitkin, Capital 30 June 2022 $43 050 Required: a) Calculate the missing amounts to complete the above statements. Use the below table to