From the following particulars, prepare a statement showing the components of total sales and the profit for the year ending on 31 December.

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Rs Stock of finished goods (1 January) 6,000 Stock of raw materials (1 January) 40,000 WIP (1 January) 15,000 Purchase of raw materials 4,75,000 Carriage inwards 12,500 Factory rent, taxes 7,250 Other production expenses 43,000 Stock of finished goods (31 December) 15,000 Wages 1,75,000 Works manager's salary 30,000