8.4 Chapter Protection Limited is a security firm. Its statement of profit or loss for the year ended 31 December 20X4 is as follows:

£

Revenue 188,703 Cost of sales (115,863)

Gross profit 72,840 Administrative expenses (14,260)

Distribution and selling costs (20,180)

Operating profit 38,400 Finance costs (1,200)

Profit before tax 37,200 Tax (7,450)

Profit after tax 29,750 Prepare a vertical analysis statement of Chapter Protection’s statement of profit or loss, on the basis that the revenue figure is 100%.