please answer the needed questions and procedures.

4 6 8 13 14 At the beginning of current season, the ledger of Village People showed Cash P 25,000, Merchandise Inventory P 17,000, and Teves, Capital P 42,000. The following transactions were completed during April Purchased badminton equipment from Denver Co. P 7,400, terms 3/10, 1/30 Pald freight on purchases made, P 600 Sold merchandise to customers, P 9,000, terms cash. This represents a fourth of the old stock. 10 Received credit of P 400 from Denver Co. for a damaged racquet that was returned 11 Purchased three pairs of tennis shoes from New Shoes Sports for cash P 3,000 Paid Denver Co. in full Purchased tennis shirts and shorts from Athena's Sportswear P6,000, terms 2/10, 1/30 Received cash refund of P 1,000 from New Shoes for a damaged pair of shoes that was returned. Paid freight on purchases from Athena's Sportwear P 300 Sold a pair of tennis shoes to Alpha P 1,500, terms n/30 Received P 500 in cash from Alpha in partial settlement of account 21 Paid Athena's smittswear in full 22 Sold tennis clothic to Venus Trading P5,000. This represents one half of the purchases from Athena. Terms: 2/5, 1/15 Received in full cash payment from Venus Trading Requirement: 1. Journalize the transactions using the periodic system and using special journals. 2. Prepare income statement. 15 17 18 20 30