Help me please provide what's needed below. Kindly write it in a clean paper. Thank you. Give explanation if necessary.

The following are accounts taken from the books of Wel Long Trading for year end. December 31, 2017. Complete the income statement based on the given facts. # 450,000 Sales 284,000x3 ash Purchases Inventory, Jan. 1 80,000 Sales Returns and Allowances 18,000 Sales Discount 12,000 -Purchase Returns and Allowances 14,000 Purchase Discount 12,000 Freight-in 6,000 Inventory, Dec. 31 88,000 Advertising Expense 18,000 . Sales Salaries 90.. 74,000 Freight-out 14,200 Utilities Expense - Store 2,800 Store Supplies 6,000 Office Salaries 22,000 Utilities Expense - Office 4,800 Office Supplies 2,400 Teo Pumped Doubtful Accounts Expense 7,200 Dividends Income Rent Income 50,000 Interest Expense 40,000 Discount Lost 16,000 1,600COMPONENTS OF THE MULTIPLE-STEP INCOME STATEMENT Ren Ren Merchandising Income Statement For year ended December 31, 2017 Note Net Sales PXXX N H Cost of Sales XXX Gross Profit PXXX Other Income XXX Total Income PXXX Operating Expenses Distribution Expenses F XXX Administrative Expenses XXX Other Expenses XXX Finance Cost XXX XXX Net Income PxxxNatural Form Income Statement Alex Bern Spa 020.4 Income Statement For Year Ended December 31, 201x Note Service Revenue 10. P454,000 Other Income 61,000 Total Income P515,000 Expenses Salaries pnibmore P 155,000 Rent 85,000 Depreciation 2 20,000 Supplies 5,000 Insurance Other Expense 4,000 Finance Costs 4,000 275,000 P 240,000 Net Income Notes to Financial Statements Note 1 - Other Income Rent Income P 30,000 Dividends Income 15,000 Gain on Sale of Equipment 10,000 Interest Income 6,000 2 with Total P61,000 1 in fu.H Note 2 - Depreciation Expense Depreciation Expense - Building within i P15,000 3540 Depreciation Expense - Equipment 5.000 Total P 20,000 Note 3 - Other Expense Loss on Sale of Furniture P4,000 Note 4 - Finance Costs Interest Expense - Mortgage P 3,000 Interest Expense - Loan 1,000 Total P 4,000