Question: (5 MARKS Presented below is information for Ramadan Sweets for the year ended 31 March 2022. Particular ALD Particular Cost of goods sold 316,000 Rent
(5 MARKS Presented below is information for Ramadan Sweets for the year ended 31 March 2022. Particular ALD Particular Cost of goods sold 316,000 Rent Expenses 32.000 Salaries and wages expense 42.400 Sales Discount 1,230 Freights-out 3,200 Sales Return and allowances 2,600 Insurance expense 4,750 Sales Revenue 766,800 Owner's Capital 680,000 Other comprehensive income 12,650 Interest expense 12,450 Loss on disposal of plant assets 3,450 Interest revenue 4.650 Bank loans 250,000 REQUIRED: a. Prepare an income statement. Prepare a comprehensive income statement. (4 marks)
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