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Al Baik Restaurant provided you with the following trial balance as of December 31, 2023: Account Title Debit (SAR) Credit (SAR) Cash 300,000 Accounts Receivable

Al Baik Restaurant provided you with the following trial balance as of December 31, 2023:

Account Title

Debit (SAR)

Credit (SAR)

Cash

300,000


Accounts Receivable

200,000


Inventory

100,000


Property, Plant, and Equipment

1,500,000


Accumulated Depreciation


200,000

Accounts Payable


150,000

Long-Term Debt


500,000

Common Stock


1,000,000

Retained Earnings

1,000,000


Sales Revenue


3,000,000

Cost of Goods Sold

1,500,000


Operating Expenses

800,000


Income Tax Expense


200,000

Dividends

300,000


Prepare a horizontal income statement for Al Baik Restaurant for the year ended December 31, 2023, in SAR. Ensure to include all necessary calculations and classifications of revenues and expenses.

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