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Please check my labels, what I've filled in so far (that it's right) and fill in the rest. show working

The following transactions took place for Smart Ltd during the current accounting period ended 30 June 2020:

1. Received $18000 cash from customers that paid in advance for goods to be sold to them next period.

2. Paid the electricity bill of $10000 for the current period.

3. Paid wages for the current period of $9900.

4. Purchased $2550 worth of office supplies on credit. The business treats the office supplies as expenses when purchased.

5. Paid $4000 in rent for the next period.

6. Sold inventory goods for $96500 on credit. The original cost of those goods was $49215.

7. Inventory worth $39500 is bought on account.

Assume that the following items were reported by Smart Ltd at 30 June 2019, the end of the previous period:

Account name
Sales revenue	$104500
Depreciation and amortisation expense	$22990
Electricity expense	$5225
Cost of goods sold	$35530
Rent expense	$4180
Income tax expense	$9405
Wages expense	$5225
Office supplies expense	$5225

Please note the following:

- during the current period, Smart Ltd sent goods with a sale price of $31350 to customers that paid in advance in the previous period, the original cost of those goods being $10346.

- at the end of the previous period, Smart Ltd had a prepayment for rent of $2090 that is now fully expired.

- an assessment of the value of the inventory remaining at the end of the current period revealed a net reliasable value of $48454, while the amount recorded was $49000.

- an assessment of the value of an intangible asset at the end of the current period revealed an estimated net selling price of $6000, while the amount recorded was $8020 and the estimated value in use was $7020.

- at the end of the current period, Smart Ltd still had $523 worth of office supplies on hand.

- at the end of the current period, Smart Ltd had $20691 in depreciation and amortisation expenses for its non-current assets and $6611 in income tax expense.

Required: Prepare the income statement for Smart Ltd for the current period (include comparative figures for the previous period).

Important:

- List expenses, other than cost of goods sold and income tax expense, in alphabetical order. Include the minus (-) sign in front of all the amounts recognising expenses.

- Do not include "$" sign or any thousands separators, i.e. $46,000 should be written as 46000.

The following transactions took place for Smart Ltd during the current accounting period ended 30 June 2020: 1. Received $18000 cash from customers that paid in advance for goods to be sold to them next period. 2. Paid the electricity bill of $10000 for the current period. 3. Paid wages for the current period of $9900. 4. Purchased $2550 worth of office supplies on credit. The business treats the office supplies as expenses when purchased. 5. Paid $4000 in rent for the next period. 6. Sold inventory goods for $96500 on credit. The original cost of those goods was $49215. 7. Inventory worth $39500 is bought on account. Assume that the following items were reported by Smart Ltd at 30 June 2019, the end of the previous period: Account name Sales revenue $104500 Depreciation and amortisation expense $22990 Electricity expense $5225 Cost of goods sold $35530 Rent expense $4180 Income tax expense $9405 Wages expense $5225 Office supplies expense $5225 Please note the following: - during the current period, Smart Ltd sent goods with a sale price of $31350 to customers that paid in advance in the previous period, the original cost of those goods being $10346. - at the end of the previous period, Smart Ltd had a prepayment for rent of $2090 that is now fully expired. an assessment of the value of the inventory remaining at the end of the current period revealed a net reliasable value of $48454, while the amount recorded was $49000. an assessment of the value of an intangible asset at the end of the current period revealed an estimated net selling price of $6000, while the amount recorded was $8020 and the estimated value in use was $7020. at the end of the current period, Smart Ltd still had $523 worth of office supplies on hand. - at the end of the current period, Smart Ltd had $20691 in depreciation and amortisation expenses for its non-current assets and $6611 in income tax expense. Required: Prepare the income statement for Smart Ltd for the current period (include comparative figures for the previous period). Important: - List expenses, other than cost of goods sold and income tax expense, in alphabetical order. Include the minus (-) sign in front of all the amounts recognising expenses. - Do not include "$" sign or any thousands separators, i.e. $46,000 should be written as 46000. Smart Ltd Income statement for the period ended 30 June 2020 30 June 2019 $ 30 June 2020 $ Income Sales revenue 104500 Cost of goods sold 35530 Gross profit 68970 Expenses Depreciation and amortisation expense 22990 Electricity expense 5225 Impairment loss for intangible assets . 0 Loss on inventory 0 Office supplies expense 5225 Rent expense 4180 Wages expense . 5225 Total expenses . 42845 Profit before income tax expense 26125 Income tax expense 9405 Profit before income tax expense 16720