3) Use the following information to prepare an Income Statement (multi-step) for Salomon at Dec 31, 2020. (20 marks)

3) Use the following information to prepare an Income Statement (mum-step) for Salomon at Dec 31, 2020. (20 marks) Accounts receivable Accounts payable Capital Sales Revenue Sales Returns & Allowances Sales Discounts Cost of Goods Sold Beg. Inventory In terest Revenue Selling Expenses General Interest Expense End inventory S 80,000 30,000 15,000 110,000 | 10,om 5,om 80.(XX) 500 70,000