3.15 In 20X2 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 20X1 was £148,360 and in 20X2 was £153,062.

From this information prepare summary statement of profit or loss for 20X1 and 20X2 showing revenue, cost of sales, gross profit, expenses and net profit.

Work to the nearest pound sterling.