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ABC Consulting is a company that provides consulting services to clients in various industries. The company also rents out a portion of its office space

ABC Consulting is a company that provides consulting services to clients in various industries. The company also rents out a portion of its office space to other businesses. As the accountant for ABC Consulting, you are tasked with preparing the company's income statement for the year 2022 based on the following information taken from the trial balance:

Consulting revenue: SAR70,000

Rental revenue: SAR30,000

Supplies expense: SAR5,000

Rent expense: SAR20,000

Wages expense: SAR30,000

Your task is to prepare the income statement for ABC Consulting in 2022 based on the information provided above.

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