Question: Complete the assignment using appropriate format of INCOME STATEMENT (costs by nature or costs by function). Use Excel, Word or PDF. Another formats will not

 Complete the assignment using appropriate format of INCOME STATEMENT (costs by

Complete the assignment using appropriate format of INCOME STATEMENT (costs by nature or costs by function). Use Excel, Word or PDF. Another formats will not be accepted. Each transaction is worth 0,5 point and also 1 point for heading and sum of net profit/(loss) for a total of 5 points. Please check the formatting before submitting the work. Required: Based on the information below please prepare an Income Statement. 1. Dividends paid to shareholders 10 000 2. Sale of traded goods 42 000 3. Initial value of car 80 000 65 000 4. Accumulated depreciation of car 5. Sales revenue from sale of car 10 000 6. Selling, general and adm. expenses 9500 7. Interest income 450 8. Income tax (18%)

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