Given below is the Income Statement of Rajneel’s Grocery Shop for the year ended 31st December 2021 Income Statement of Rajneel’s Grocery Shop For the year ended 31st December 2021 $ Income 300 000 Less Expenses 130 000 Profit 170 000 2 Additional Information a) Accrued wages on 31 August 2020 and 2021 are $8 000 and $10 500, respectively. b) A depreciation expense of $23 000 is not included in the expenses. c) Commission for the year 2020, $11 200, was collected in the current year and is included above. d) Commission of $14 000 earned in the current year but has not been accounted for. e) The owner took $1 200 per month for personal use. f) Commission received for 2022 $2 670 has been included in the income for 2021. g) A debtor’s account of $3 200 has been written off but is not accounted for in the expenses. Required: From the above information, prepare an Income Statement of Rajneel’s Grocery Shop for the year ended 31st December 2021 using the Accrual Method of Accounting.