Prepare Income Statement for the year ending 31st March 2021 from the books of Mr. Abdullah. 

1. Stock (31. March.2020) 15,000 
2. 
   
3. Carriage outwards 4,000 
4. 
   
5. Purchases 165,000 
6. 
   
7. Wages 30,000 
8. 
   
9. Purchases return 10,000 
10. 
    
11. Sales returns 5,000 
12. 
    
13. Postage 3,000 
14. 
    
15. Salaries 20,000 
16. 
    
17. Discount received 5,000 
18. 
    
19. Stationeries 2,000 
20. 
    
21. Bad debts 1,000 
22. 
    
23. Interest 8,000 
24. 
    
25. Sales 300,000 
26. 
    
27. Insurance 4,000 
28. 
    
29. Stock (31.March.2021) 80,000