3.15 In 2012 Lola’s net profit margin fell to 9.8% from 10.2% in the previous year. Her gross profit margin, on the other hand, increased from 30.2% to 33.8%. Revenue in 2011 was

£148 360 and in 2012 was £153 062.

From this information prepare summary income statements for 2011 and 2012. showing revenue, cost of sales, gross profit, expenses and net profit.

Work to the nearest £.