Prepare an income statement by using the following trial balance. Account Name Opening Stock Finished goods Raw

Prepare an income statement by using the following trial balance.

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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 (3) Account Name Sales Closing Stock Finished goods Raw material Profit on sale of shares 1,00,000 50,000 5,00,000 2,00,000 1,00,000 30,000 20,000 10,000 40,000 55,000 10,000 Amount (*) 10,00,000 1,50,000 1,00,000 50,000