Presented below is the trial balance of Bramble Ltd. at December 31, 2022. Bramble Ltd. Trial Balance December 31, 2022 Debits Credits Purchase Discounts 10,600 Cash 201,160 Accounts Receivable 111,300 Rent Revenue 19,600 Retained Earnings Salaries and Wages Payable Sales Revenue 169,600 19,600 1,166,000 Notes Receivable Accounts Payable 116,600 52,200 Accumulated Depreciation-Equipment 30,200 Sales Discounts 15,500 Sales Returns and Allowances 19,200 Notes Payable 74,200 Selling Expenses 245,400 Administrative Expenses 105,200 Share Capital-Ordinary 318,000 Income Tax 57,420 Cash Dividends 47,700 Allowance for Doubtful Accounts 5,300 Supplies 15,100 Freight-in 21,200 Land 74,200 Equipment Bonds Payable 148,400 106,000 Gain on Sale of Land Accumulated Depreciation-Buildings 31,800 20,880 Inventory Buildings Purchases Totals 94,600 104,400 646,600 2,023,980 2,023,980 A physical count of inventory on December 31 resulted in an inventory amount of 77,200; thus, cost of goods sold for 2022 is 674,600. Prepare an income statement. 31,800 ordinary shares were outstanding the entire year. (Round earnings per share to 2 decimal places, e.g. 1.48.) Sales Revenue Rent Revenue Total Revenues Sales Discounts Sales Returns and Allowances Expenses BRAMBLE LTD Income Statement For the Year Ended December 31, 2022 4 th -15500 -19200 Selling Expenses 245400 Administrative Expenses 105200 Income Before Income Tax Income Tax 44 1166000 19600 1185600 (34700) 350600 31800 Total Revenues Sales Discounts Sales Returns and Allowances Expenses Selling Expenses -15500 -19200 245400 Administrative Expenses 105200 Income Before Income Tax Income Tax Income Before Income Tax Net Income/(Loss) 41 1185600 (34700) 350600 31800