After graduating from the University of Sharjah, youve joined the accounting department of Amazon LLC UAE. As part of your responsibilities, you will manage the department and guide the junior resources to prepare the income statement for year ended 31 December 2021. Please help them to prepare the income statement of Amazon LLC UAE based on the information given in the trial balance:

Amazon LLC, UAE Trial Balance

As on 31. December 2021

Sales 4,053,081

Cost of goods sold 2,982,541

Sales returns 66,427

Sales discounts 34,241

Sales salaries 302,644

Travel and entertainment 58,940

Depreciation of sales equipment 19,005

Officers salaries 196,000

Legal and professional services 33,275

Delivery expenses 61,209

Shipping and supplies expenses 44,712

Utilities expenses 33,275

Stationery, supplies and postage 3,875

Dividend revenue 98,500

Gain on sale of plant assets 40,000

Interest on bonds and notes 130,000

Income taxes 95,000 Non-controlling interest 44,489

Advertising expenses 25,000 Telephone and internet expenses 15,000

Rent revenue 42,910