1. The Al Mashoor Company had the following balances for the year ended 31 December, 2021. Particulars Amount (OMR) Sales Purchases Sales returns 880,000 370,000 90,000 Opening Stock 310,000 Salaries and wages 78,000 Carriage inwards 70,000 Maintenance 52,000 Commission received 85,000 Closing Stock 440,000 Purchase Returns 70,000 Direct expenses 130,000 48,000 (7 Marks) Carriage outwards Required: Prepare Income Statement from the above information