The information below were extracted from Naseem Trading Company on 31 December, 2018: BD BD Opening inventory 16,000 Salaries expense 150 Closing inventory 10,000 Travel expense 390 Gross sales 35,440 Repair & Maintenance 220 expense Purchases 9,000 Sales discount 100 Fright in 200 Sales return 550 Carriage out 350 Purchases returns 140 Advertising expense 250 Commission income 8,500 Required: Prepare Multiple-Income Statement as 31 December 2018. (Income tax 5%). 4 16 Cost of Goods Sold (COGS) (2 Points) 0 17.060 15,060 0 14,060 16.060 17 Gross Profit (2 Points) Enter your answer 18 Total Revenues: * (2 Points) Enter your answer 19 Total Operating Expense: * (2 points) Enter your answer 20 Other Revenues and Gains (2 points) 21 Net Income before tax * (2 Points) Enter your answer 22 Income Tax (5%) m (2 Points) Enter your answer 23 Net Income: (2.Points)