PHASE TEST ONE FINANCIAL MANAGEMENT Use the relevant items listed below to prepare the income statement for Company PC for period ending 31 December 2011. Items Value as at 31 December 2011 (RM '000) Account receivable 3,500 Accumulated depreciation 2,050 Cost of goods sold 2,850 Depreciation expenses 55!) General and administrative expenses ll!) Interest expenses 25!} Preference sliares' dividends lllll Sales revenue 5.25\" Sales expenses 35!) Sliareliolders' equity 2,650 Tax Rate : 30'5\