Accounting Question

Q3: INCOME STATEMENT OF YEAR 2019-2020 (Mudarbah)(4 partners 1 mudarib) Sales 2,50,00,000 COGS 90,00,000 (90.00.000) Gross Profit 1,60,00,000 Less: Operating Expenses Salaries 28.32,000 Rent(IJARAH) 1,50.000 Installment 42.40.000 Electricity 4.50.000 Gas 50.000 Social media advertisement 80.000 Other expenses 10.000 Fuel 60,000 (78.72.000) Profit before tax 81.28,000 Sales Tax (17%) (13.81.760) Net Income 67,46,240 Required: Determine Profit & Loss on the basis of Mudaraba Arrangement (Marks 5)