The income statement and comparative balance of a company for 2020 and 2021 is given below Income statement for the year ended 2021 Particulars Amount Sales revenue Amount 5,75,000 Less cost of goods sold Grass profit 4,25,000 Less expenses Administrative expenses Depreciation 1,86,000 Provision for tax 85,000 Provision for dividend 40,000 Interest pard 24,000 20,000 Premium on redemption of debenture 5.000 Total expenses 2,60,000 Net profit before other income 165,000 Add: Gum on sale of fixed assets 15,000 Net profit 1.80,000