4. Prepare an income statement for ABL Limited given the information below: sales US$4,290,000; inventory at start US$378,000; Inventory at end US$249,000; depreciation is 30 % on cost (cost of motor vehicle and equipment are US$900,000 and US$700,000 respectfully); interest expense US$97,000; lease payments US$50,000; wages and salaries US$360,000; goods purchased US$705,000; repairs and maintenance US$47,000; discount allowed and received amount to US$50,000 and US$70,000 respected; corporate tax is 25 % on profi t.