To calculate the Net Profit, we need to prepare an Income Statement using the provided post-adjusted trial balance. Step 1: Calculate Gross Profit. Gross Profit is calculated by subtracting the Cost of Sales from Revenue. $$ \text{Gross Profit} = \text{Revenue} - \text{Cost of Sales} $$ $$ \text{Gross Profit} = 1,280,000 - 720,000 $$ $$ \text{Gross Profit} = 560,000 $$ Step 2: Calculate Total Operating Expenses. Operating expenses include Depreciation, Electricity, Rent, Salaries, and Other operational expenses. $$ \text{Total Operating Expenses} = \text{Depreciation} + \text{Electricity} + \text{Rent} + \text{Salaries} + \text{Other operational expenses} $$ $$ \text{Total Operating Expenses} = 155,000 + 30,000 + 20,000 + 60,000 + 31,250 $$ $$ \text{Total Operating Expenses} = 296,250 $$ Step 3: Calculate Operating Profit. Operating Profit is Gross Profit minus Total Operating Expenses. $$ \text{Operating Profit} = \text{Gross Profit} - \text{Total Operating Expenses} $$ $$ \text{Operating Profit} = 560,000 - 296,250 $$ $$ \text{Operating Profit} = 263,750 $$ Step 4: Calculate Net Profit. Net Profit is Operating Profit minus Finance costs. $$ \text{Net Profit} = \text{Operating Profit} - \text{Finance costs} $$ $$ \text{Net Profit} = 263,750 - 20,000 $$ $$ \text{Net Profit} = 243,750 $$ The Net Profit for the year ended 31 March 2026 is: $$ \boxed{\text{243,750}} $$ Last free one today — make it count tomorrow, or type /upgrade for unlimited.