Please be clear

The following information has been extracted from the books of XYZ Corporation for the year ended 31^st December, 2017:

You are required to prepare income statement for the year ended December 31^st, 2017.

+ Particulars Sales Sales discounts Sales returns and allowances Cost of goods sold Sales Salaries Sales Commission Travel expenses Freight outward Postage and stationery Telephone expenses Amount (S) 455,000 5,500 3,550 190,000 4,500 2,220 6,200 7,200 3,200 5,210 5,800 2,500 9,540 25,000 20,500 8,400 45,800 Office salaries Insurance expense Depreciation of building Dividend revenue Gain on sale of investment Interest on bonds Income tax