Prepare the Statement of Profit and Loss for Tichtech Limited for the year ended 31 December 2023.

Here is the Statement of Profit and Loss for Tichtech Limited for the year ended 31 December 2023:

$$\textbf{Tichtech Limited}$$ $$\textbf{Statement of Profit and Loss}$$ $$\textbf{For the year ended 31 December 2023}$$ $$\begin{array}{lrr} \hline \textbf{Revenue} & & \textbf{BWP} \\ \text{Sales} & 184,200 & \\ \text{Less: Returns inwards} & (1,688) & \\ \text{Net Sales} & & 182,512 \\ \\ \textbf{Cost of Sales} & & \\ \text{Opening Inventory (1 January 2023)} & 36,160 & \\ \text{Purchases} & 85,264 & \\ \text{Less: Returns outwards} & (992) & \\ \text{Add: Carriage inwards} & 608 & \\ \text{Cost of Goods Available for Sale} & 121,040 & \\ \text{Less: Closing Inventory (31 December 2023)} & (39,296) & \\ \text{Cost of Sales} & & (81,744) \\ \hline \textbf{Gross Profit} & & \textbf{100,768} \\ \\ \textbf{Operating Expenses} & & \\ \text{Carriage outwards} & 2,280 & \\ \text{Motor Repairs expenses} & 7,272 & \\ \text{Rentals} & 6,560 & \\ \text{Insurance} & 11,208 & \\ \text{Salaries} & 28,788 & \\ \text{Total Operating Expenses} & & (56,108) \\ \hline \textbf{Profit for the year} & & \textbf{44,660} \\ \hline \hline \end{array}$$

The profit for the year is $\text{BWP}44,660$.