Saleh established Al-Fateh Company for Special Events during the month of December 2022. During this month, the following accounting operations were carried out:

1. Saleh deposited 500,000 dirhams in the account of Al-Fateh Events Company for the purpose of investment.

2. Al-Fateh Events Company purchased equipment and machinery for an amount of 100,000 dirhams and paid the value in cash

3. Al-Fateh Events Company purchased furniture and equipment for an amount of 20,000 dirhams, and paid the value in cash

4. The company purchased buildings for $600,000 from the construction company to use it in the company's business and paid 25% of the value in cash and the rest on account

5. The company provided services to Al-Hamad Company in the amount of 110,000 dirhams, of which it got 40,000 and the rest is on the account

6. The company paid the following expenses in cash:

a) 5000 dirhams for rent expenses

b) 3000 dirhams for electricity and water expenses

c) 3000 dirhams for insurance expenses

Required:

1) Make the necessary daily entries

2) Posting the relevant accounts to the ledger

3- Preparing the trial balance at the end of the month:

4-) Preparing the income statement for the period ending one month on 12-30-2021