From the following trial balance, prepare an income statement: Account Name Opening Stock Finished Goods Raw Material

From the following trial balance, prepare an income statement:

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Account Name Opening Stock Finished Goods Raw Material Purchase of Raw Material Direct Wages Manufacturing Expenses Administrative Expenses Depreciation Preliminary expenses Written off Selling and Distribution Expenses Loss on Sale of Plant Interest on Debentures Trial Balance as on March 31, 2009 Amount (*) 2,00,000 20,000 7,00,000 2,35,000 90,000 80,000 20,000 40,000 45,000 75,000 20,000 Account Name Sales Closing Stock Finished Goods Raw Material Profit on sale of shares Amount (²) 18,00,000 1,70,000 1,20,000 15,000