py Saleh Rashed 66022552 -Accounting TRAINING .w . The following ing information relates to the activities of H& Reta relates ended 30th April 2012: Selling expenses1,200 Closing inventory 3,000 Rent & rates Depreciation Expenses Heat & light Sales revenue 97,400 Purchases68350 5,000 1,500 Insurance Interest expenses 750 620 10,400 4,000 900 Salaries expenses Opening inventory Telephone charges 450 Prepare an income statement for the year ended 30th April, 2012. (15 marks) Alpha company produces a variety of coverings for electrical wiring. On January 1, 2010 it acquired new production equipment at a cost of $165,000. The machine has an expected life four years and an estimated salvage value of $25,000. Prepare a four year depreciation schedule for the machinery under straight line method. e