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create a statement of imcome Reed Geophysical Inc. Statement of Income For the year ended December 31, 2020 3 Revenue Cost of sales 6 Purchases

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Reed Geophysical Inc. Statement of Income For the year ended December 31, 2020 3 Revenue Cost of sales 6 Purchases this should be subtracted (7,500,000) Gross Profit 8 Other income 10 Expenses 11 Administrative expenses 12 Distribution costs 13 Total 14 Finance costs 16 17 Total \begin{tabular}{|l|l|} 18 & \\ 19 & Profit before taxes \\ \hline 20 & \end{tabular} 22 23 Profit for the year 24 25 26 27 28 29 Reed Geophysical Inc. 30 Statement of Comprehensive Income 31 For the year ended December 31, 2020 32( in $) 33 Profit for the year 34 Other comprehensive income/loss 35 Change in currency Translation 36 Decrease in property valuation 37 Total other comprehensive income/loss for the year 38 Total Comprehensive income 39 40 42

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