On 31 December 2018, the accounting records in Ahmeds Company showed the following information:

(in Dirhams)

Cash	49,500
Accounts Receivable	125,000
Supplies	1,500
Prepaid Insurance	12,000
Equipment	70,000
Building	420,000
Land	111,500
Accounts Payable	80,000
Notes Payable	170,000
Common Stock	410,000
Retained Earnings	65,000
Dividends	20,000
Service Revenue	174,000
Interest Revenue	1,000
Salaries Expense	52,000
Advertising Expense	17,000
Insurance Expense	5,000
Utilities Expense	13,750
Interest Expense	2,750

Prepare the Income Statement AND Balance Sheet for year ended December 31, 2018

Ahmeds Company
Income Statement For Year Ended 31 December 2018
Revenues:	.
Total Revenues
Expenses:
Total Expenses
Net Income/Profit