Shown below is Green Alpha Retailer Ltd$.$ Trial balance for the period ended March $31,2023.$

Items $

Dr $

Cr

Accounts

payable $3,300$

Accounts receivable $8,320$

Advertising expense $5,000$

Bank loan $15,000$

Cash $24,250$

Cost of sales $82,000$

Equipment $83,000$

Insurance expense $1,300$

Intangibles $6,300$

Inventory $21,500$

Other expense $6,250$

Rent expense $2,500$

Repairs expense $15,000$

Opening retained earnings $12,500$

Salaries expense $35,000$

Sales $167,420$

Share capital $100,000$

Dividends paid $7,800$

$298,220298,220$

Required:

Using the above information, prepare the Statement of profit or loss and the Statement of retained earnings for Green Alpha Retailer Ltd$.$

Use the results to answer the following questions:

a$)$ Statement of profit or loss for the year ended $31$ March $2023$

I. Gross profit

II$.$ Total expenses

III. Net Profit

b$)$ Statement of retained earnings for the year ended $31$ March $2023$

I. Retained earnings amount as at $31$ March $2023$