3-(6 Marks: b2:4, 2:2): The following balances were taken from the books of Camel company on December 31, 2021. (6M) red out of Cash BD76,500 Sales commissions BD146,000 Accounts receivable 255,000 Delivery expense 145,000 question Land 150,000 Interest expense 90,000 Equipment 300,000 Administrative expenses 145,500 Accumulated depreciation- 60,000 Cost of goods sold 931,500 equipment Buildings 210,000 Sales returns and allowances 225,000 Accumulated depreciation- 42,000 Allowance for doubtful 10,500 buildings accounts Bonds payable 150,000 Sales discounts 67,500 Notes receivable 232,500 Interest revenue 129,000 Accrued liabilities 48,000 Sales revenue 1,920,000 Prepaid insurance 30,000 Loss from impairment of plant 180,000 assets Accounts payable 225,000 Share capital-ordinary Notes payable 150,000 Retained earnings 750,000 31,500 Assume the total effective tax rate on all items is 25%. Required: a. Prepare an income statement. (4 M) b. Compute earnings per share, assume that 150,000 ordinary shares were outstanding during the year