Question Three : (10 marks) The following information is available about operations during 2019 for ROR Company: Cash 20000 Sales discount 20,0000 Sales 900,000 Gain from sold truck 10000 Bad debt expense 5000 Interest 48,000 Fright in 3000 Operating expenses 250,000 Purchased discount 15000 Administrative expenses 150,000 Purchased returns 10000 Purchased 350,000 Fright out 7000 Inventory 1/1/ 160,000 Sales returns 50,000 Ending inventory 220000 Account payable 10,000 Lost from fire 30000 Loses from forfeited 2000 discount Dividend preference 10,000 Dividend ordinary 80000 Losses discontinuing operations 50,000 There is a good in transit F.O.B shipping point 20.000.. outstanding ordinary shares 500,000 share and tax rate 25%. Required: prepare multiple step income statement for the year ending 31/12/2019