Question 3 (30 points) Presented below is information for Al Mulla Company for the month of October 2020. Cost of goods sold Freight-out Insurance expense Salaries and wages expense 242,000 7,000 17,000 63,000 Rent expense 30,000 Sales discounts 8,000 Sales returns and allowances 13,000 Sales revenue 410,000 Instructions: Prepare an income statement for the Month ended October 2020