From the extract general ledger accounts of M Melbourne (see figure 9.35), prepare an income statement for the year ended 31 March 2022, where accounts are not grouped under headings.

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Trading 20 690 Sales Cost of Sales Profit and Loss [gross pr] 24 990 45 680 45 680 45 680 Salaries Selling Expense Other Expenses Capital [net profit] Profit and Loss 15 200 Trading [gross profit] 4 780 Rent Received 610 4.690 25 280 24 990 290 25 280