An extract of the general ledger of Cec Nock is shown in figure 9.33. You are required to prepare an income statement for the year ended 31 March 2022.

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Cost of Sales Profit and Loss [gross pr] Trading 7 636 Sales 8 894 16 530 16 530 16 530 Delivery Expense Salaries Sales Cleaning Office Expense Salaries Office Vehicle Expense Bad Debts Expense Interest on Loan Capital [net profit] Profit and Loss 562 Trading (gross profit] 4 186 Rent Received 448 Bad Debt Recovered 509 4863 117 132 985 1 206 13 008 8 894 3 878 236 13 008