Alma Corporation Income Statement Alma Corporation is a toy manufacturing company based in Jordan. It employs 28 workers in Amman and has three sales representatives covering all of Jordan. Due to increased demand. it plans to build a new factory in Zarqa for which it has already acquired the land. Task 1: Income Statement Using the financial data in US $) given below for Alma Corp. prepare an income statement. KEY FINANCIAL DATA ALMA CORP. Selling and marketing expense Tax expense for current year Finished Goods Inventory Long-term debt Interest expense Accounts payable Cash and marketable securities General and administrative expense Accounts receivable Revenues Taxes payable Purchases Beginning Inventory Ending Inventory Land bought for building new factory Research and development expense Vehicle Accumulated Depreciation Transportation expenses 55,000 105,000 45,000 700,000 120,000 320,000 200,000 480,000 160,000 2,000,000 15,000 900,000 100,000 50,000 900,000 165,000 267,000 100,000 128,000