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Prepare an income statement for the year ended 30 June 2023 from the following information....

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Accounting

Prepare an income statement for the year ended 30 June 2023 from the following information. Revenue P40 000; Premises P7 500; Trade payables P10,000; Discount received P1 000; Wages and salaries P2 500; Purchases P28 000; Insurance P750; Bank loan P8 250; Rent P3 000; Trade receivables P8 600; Electricity P900; Bank P6 700; Opening inventory P1 300, and closing inventory P4500

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