Question: Question 3 (30 points) Presented below is information for Al Mulla Company for the month of October 2020. Cost of goods sold Freight-out Insurance

Question 3 (30 points) Presented below is information for Al Mulla Company for the month of October 2020. Cost of goods sold Freight-out Insurance expense Salaries and wages expense 242,000 Rent expense 30,000 7,000 Sales discounts 8,000 17,000 63,000 Sales returns and allowances Sales revenue 13,000 410,000 Instructions: Prepare an income statement for the Month ended October 2020.

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