Prepare an income statement by using STATEMENT FORMAT.

Income statements - Activity - G Graham Extract an income statement for the year ending 30 June 2017 for G Graham. The trial balance as at 30 June 2017 after his first year of trading was as follows: Debit Credit RM RM Equipment Rental 940 Insurance 1,804 Lighting and heating expenses 1,990 Motor Expenses 2,350 Salaries 294,530 Service Revenue 382,420 Sundry Expenses 624 Lorry 19,400 Accounts payable 23,408 Accounts receivable 44,516 Fixtures 4,600 Shop 174,000 Cash at Bank 11,346 Drawings 44,000 Capital 194,272 600,100 600,100