The following trial balance was extracted from the books of Mr. Abdul Rahaman as at 31 Dec, 2019 ACCOUNT DEBIT CREDIT $ $ Sales 125,000 Purchases 84,000 Sundry debtors 40,000 Wages 10,000 Bills Receivable 29,000 Opening Stock 60,000 Rent 4,000 Interest on Bank Loan 500 Commission received 3,000 General Expenses 12,000 Capital 90,000 Salaries 7,500 Discount received 4,000 Bank Loan 40,000 Sundry creditors 40,000 Machinery 40,000 Cash 5,000 Bank 10.000 Total 302.000 302,000 You are given the following additional information: Stock valued at 31 Dec 2019 $80,000 (11) Interest on Bank Loan not yet paid $ 400 (i) Machinery is to be depreciated at 10% per annum. (iv) Rent Prepaid $ 1,000. Prepare the Income Statement for the year ended 31 Dec,2019