Abdul Rahman established Al Taghreed Company for Special Events during the month of December 2022. During this month, the following accounting operations were carried out:

1. Abdul Rahman deposited 550,000 dirhams in the account of Altweed Events Company for the purpose of investment.

2. Al Taghreed Events Company purchased equipment and machinery for an amount of 40,000 dirhams and paid the value in cash

3. Al Taghreed Events Company purchased furniture and equipment for an amount of 35,000 dirhams and paid the value in cash

4. The company purchased buildings for $600,000 from the construction company to use it in the company's business and paid 25% of the value in cash and the rest on account

5. The company provided services to Al Karam Company in the amount of 90,000 dirhams, of which 45,000 were obtained and the rest is on the account

6. The company paid the following expenses in cash:

a) 10,000 dirhams for rent expenses

b) 3100 dirhams for electricity and water expenses

c) 6400 dirhams for insurance expenses

Required:

1) Make the necessary daily entries.

2) Posting the relevant accounts to the reference book and preparing the trial balance at the end of the month

3) Preparing the income statement for the period ending one month on 12-30-2021