Question: 1. Following are information about Alhadaf Co. Cost incurred Inventory Purchases Sales Adverting expense Salary Expense Depreciation Beginning Inventory Ending Inventory Amount 118,000 350.000

1. Following are information about Alhadaf Co. Cost incurred Inventory Purchases Sales 

1. Following are information about Alhadaf Co. Cost incurred Inventory Purchases Sales Adverting expense Salary Expense Depreciation Beginning Inventory Ending Inventory Amount 118,000 350.000 90,000 50,000 3.000 7,000 15.000 Requirement: 1: prepare the income statement? (Hint calculate COGS first) ......... 7

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