A The information given below has been extracted from the accounting records of Cedarwood Ltd for the year ending 30 June 2013. Prepare a statement showing the current cost operating profit to 30 June 2013.

Sales Historical cost operating profit ..... $1,400,000$

Current cost adjustments Additional depreciation adjustment ..... 500,000 Cost of sales adjustment ..... 750,000 Monetary working capital adjustment ..... 25,000

$2,500,000$