Question: Using the following balances, prepare the income statement for ABC Net sales SR500,000 salaries Co, for the year 2021. Unearned revenue expenses 50,000 SR100,000 Cost

Using the following balances,

prepare the income statement for ABC

Net sales

SR500,000

salaries

Co, for the year 2021.

Unearned revenue expenses

50,000

SR100,000

Cost of Rent expense

goods sold

50.000

250,000

Advertising Expense

50,000

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