The following information for sana co . for year ended 31/12/2017 in euro

Sales	405000
Beginning inventory	100000
Purchases	350000
Fright on Purchases	16000
Purchases return	35000
Salaries	44000	50% selling
Fright out	3000
Sales discount	2000
Advertising expenses	2200	50% selling
Traveling expenses	8000	50% selling
Tele	600
Rent expenses	4300	1300$ selling
Supplies expenses	5300	Selling
Interest expenses	1700
Depreciation expenses	6700
Bad debit expenses	1000
Insurance expenses	360
Interest receivables	800
Interest revenues	800
Prepaid rant	500
Selling commissions	6000
Salaries payable	(5000)
Ending inventory	280000

Required : prepare multiple step income statement and closing entries under tax rate 20%