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The AGD company reports income before interest and income tax 680,650 $at 31/12/2022, the following additional transaction not considered in that income or in pervious
The AGD company reports income before interest and income tax 680,650 $at 31/12/2022, the following additional transaction not considered in that income or in pervious income: 6) There was an error in depreciation expenses in 31/12/20221 by overstated the net income in3500$. 2) 3) $66,000, the company sold the line during October 2022 at 80,000$ losses. 4) During the year 2022 the company sold a part of its portfolio which resulted in a gain of 22750$. Required: prepare an income statement for the year ended 2022 if tax rate 20%, and the company issued and outstanding 500,000 ordinary shares
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