Prepare an income statement if the firm has a gross sale of Rs 3,00,000. The cost of goods accounts for 60% of the sale value. The operating cost accounts for 20% of the gross sale value. The interest...

Prepare an income statement if the firm has a gross sale of Rs 3,00,000. The cost of goods accounts for 60% of the sale value. The operating cost accounts for 20% of the gross sale value. The interest was paid amounting to Rs 15,000. The tax rate is 30%.