(6 Marks, Word Limit 50 - 100) Question 4: A) Financial statements help many external stakeholders in taking right decision at right time. In short the future of any business heavily relies on the end results. Apart from financial standings, how a company is performing in the open market, need to be evaluated by the external parties with the help of income statement You are required to state which external parties uses the statement of financial position and why? (4 Marks, Word Limit 100 - 150) B) Given the data below, you are required to prepare income statement of the Bricks Incorporation. Income tax 208000 Unusual loss 4000 Interest revenue 35000 Sales 1480000 Interest expense 15000 Depreciation expense Unusual gain 9000Cost of goods sold Selling expense 100000 Sales Return & Allowances 12000 Administrative expense 220000 Dividend revenue 15000 6 Marks, Word Limit 50 - 100) 1000 600000