Required: Compute the total revenues. Compute the total expenses. Compute the profit. ABCD Ltd. Income statement For the year ended 2019 Legal 10,000 Tax 35,000 Purchases 1,200,000 Revenues 2,000,000 Depreciation 250,000 Salaries 180,000 80,000 20,000 Utilities Insurance Advertisements Repair and maintenance 15,000 10,000 Activity B Compute the sales. Compute the total expenses. Compute the net income. Company A Income Statement For the year ended June 31, 2011 16,800 Beginning inventory Interest 375 Depreciation 14,790 Rent 21,000 Purchases 184,100 Salaries and wages 38,320 Utilities 6,900 Sales 305,610 (21,050) Ending Inventory Supplies 3,510