data of income statement 1

 An industrial company has the following data;

1- sales data.

sales 320.000 - sales return 20.000 - sales discount 15.000

2- Purchase data.

purchase 200.000 - freight in 5000 - purchase returns 12.000 - purchase discounts 7000

3- Merchandise Inventory.

beginning Inventory 15.000 - Ending Inventory 20.000

4- Operating expenses.

selling expenses 15.000 - Admin expenses 19.000.

5-Non-operating items.

loss on sale of equipment.                             20.000

Gain on sale of land.                                    100.000

Interest expense.                                              5000

Interest revenue.                                              5000

required; Prepare the Income statement for the year ended Dec 31,2014.

مطلوب؛ إعداد بيان الدخل للسنة المنتهية في 31 ديسمبر 2014 -

Income statement


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