hi expert help me answer this thank you

because the first picture is not clear

2: Preparation of Income Statement The following balances are taken from PM store at the end of its first-year trading on 31 December 2014. Crede 5 0000 Purchases Wages and salaries Rears and maintenance Heating and lighting 1300 100 100 Insurance Cash at bank Cashin hand Trade recables Tiade parties Futures and 3000 Capital t 1 January 2014 95400 The following additional information is available: Inventory at 31 December 2014 was valued at $4500. Required: Prepare income statement for the year ended 31 December 2014. Income Statement For the year ended 31 December 2014 $ Sales Cost of Sales Gross profit Expenses Net profit 5 The following balances are taken from PM store at the end of its first-year trading on 31 December 2014 Debit Credit $ $ Sales 40000 Purchases 18500 Wages and salaries 5100 Repairs and maintenance 1300 Heating and lighting 900 General expenses 1200 Insurance 800 Cash at bank 2200 Cash in hand 1300 Trade receivables 4100 Trade payables 3400 Premises 30000 Futures and fittings 10000 I Motor vehicle 8000 52000 Capital af 1 January 2014 Drawings 12000 95400 95400 The following additional information is available: Inventory at 31 December 2014 was valued at $4500, Required: Prepare income statement for the year ended 31 December 2014