Instructions: Prepare an income statement and retained earnings statement for 2020 for Al-Arab Company that is presented in accordance with IFRS (including format and terminology). Then answer the following questions: 1- The amount of cost of goods sold for 2020 equals? 2- The amount of gross profit for 2020 equals? 3- The amount of oncome from operations for 2020 equals? 4- The amount of income tax for 2020 equals? 5- The amount of income from continuing operations for 2020 equals? 6- The amount of net income for 2020 equals? 7- The amount of retained earnings on 31/12/2020 equals?