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Please help. format income statement assumming actual ,000. The following data are for National Lamp Company: 9. Accounts Title Trial Balance December 31, 2019 Cash
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format income statement assumming actual ,000. The following data are for National Lamp Company: 9. Accounts Title Trial Balance December 31, 2019 Cash Credit (Tk) Accounts Receivable Merchandise Inventory (Jan. 1) Prepaid Insurance Debit (Tk.) 57,200 48,300 41,600 2.900 60.000 1,10,000 33,000 55,600 11.200 37,900 2.20,180 5,51,500 Land Buildings Accumulated Depreciation Buildings Store Fixtures Accumulated Depreciation Store Fixtures Accounts Payable Capital Sales Sales Discounts Sales Returns and Allowances Interest Revenues Purchases Purchase Discounts Purchase Returns and Allowances Transportation-in Advertising Expense Sales Salaries Expense Office Salaries Expense Delivery Expense Interest Expense 3,700 2,000 400 3,12,900 2,600 1,400 7,300 12,000 64,000 74,000 4,600 2,000 8,58,100 8.58,100 Additional Data : (i) Depreciation expense on store building is Tk. 2,200. (ii) Depreciation expense on store fixtures is Tk. 5,560. (ii) Accrued sales salaries are Tk. 1,400. (iv) Insurance expired in 2019 is Tk. 2,500. (V) Cost of merchandise inventory on hand December 31, 2019 is Tk. 55,500. Required Prepare the followings : 10 (a) A 10 column work sheet for the year ended 31st December 2019. 8 (6) A classified income statement (The only administrative expenses are office salaries, insurance and depreciation expense-store building). (c) A statement of owner's equity. (d) A classified Balance Sheet. (Please turn over 2 8Step by Step Solution
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