Prepare Income Statement with the help of the following trial balance as at December 31, 2018.

Name of Account	Debit Amounts	Credit Amounts
Sales revenue	-----	60,000
Furniture	32,000	-----
Returns	2,000	3,000
Commission paid	12,000	----
Capital	-----	65,000
Profit & Loss Account	----	27,000
Advertisement Expenses	18,000	----
Prepaid salary	4,000	----
Account receivable	30,000	----
Telephone charges	6,000	----
Bank Loan	----	31,000
Rent Revenue	-----	32,000
Distribution Expenses	12,000	----
Cash	36,000
Machinery	51,000
Interest received		25,000
Insurance charges	5,000
Purchases	35,000	---
Total	243,000	243,000