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Q9. The financial record of Ayesha Inc. was destroyed by fire at the end of 2020. Fortunately, the controller had kept certain statistical data related

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Q9. The financial record of Ayesha Inc. was destroyed by fire at the end of 2020. Fortunately, the controller had kept certain statistical data related to the income statement as below: The beginning inventory was OMR 138,000. Sales discount was OMR 25,500 45,000 ordinary shares were outstanding. Interest expenses OMR 10,000 Income tax rate 30% Cost of goods sold OMR 650,000 and gross sales OMR 1,500,000. Administrative expenses are 20% of cost of goods sold. Four fifth of the operating expenses related to sales activities. From the foregoing information, prepare an income statement

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