Q. No.9: Prepare an Income statement account of JOYO Bank Lt., for 2019 from the following particulars: Interest on loans Rs:360,000; Interest on fixed deposits Rs:370,000; Commission charges to customer Rs:88,000; Establishment expenses Rs:150,000; Discount on bills discounted Rs:200,000; Interest on cash credit accounts Rs:340,000; Rent and taxes Rs:60,000; Interest on Overdraft Rs:60,000; Director's fee Rs:14,000; Interest on saving bank deposits Rs:130,000; Postage and telegrams Rs:4,000; Printing & advertisement Rs:35,000, Sunday charges Rs:17,000. Adjustments: Rebate on bills discounted Rs:60,000