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From the given data, prepare the Income Statement for ABC Company for the period ended December 31, 2021 From the given data, prepare the Income
From the given data, prepare the Income Statement for ABC Company for the period ended December 31 , 2021. Sales *inning inventory Sales returns freight in Salaries expense @chase returrb Ending inventory Sates discounts Gain from sale of machine OMR 180,000 520,000 120,'000 2,000 5,500 20,000 2,400 45,000 1,500 4,500 s, 700 Depreciation expense Supplies expense Sales allowances Purchase discounts Utilities expense Casualty loss from accident Permits and Licenses Insurance expense Freight out Interest expense Pividend revenue OMR 2,6m 1,800 1,900 1,780 850 1,100 350 890
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