.. Airtel 4G 13:23 64% learn-eu-central-1-prod-fleet01-xythos.s3.eu-central-1.amazo Task 1 (25 marks) You are provided with the Trial Balance of Secret Holidays, an exclusive holiday and travel company, as at 31 December 2019 with additional information Secret Holidays' Trial Balance at at 31 December 2019 Debit Credit E000 000 Revenue 11.610 Opening Inventory 600 Purchases 7.500 Administration expenses 1.020 Interest paid 1,125 Property (Cost) 125,500 Accumulated Depreciation 620 Land 13,970 Trade receivables 720 Cash at bank 675 Trade payables 1.350 Long-term loan 14.850 Share capital 12.600 Retained profits bif 10.080 51,110 51, 110 Additional information: The closing inventory is valued at 800,000. The Administration Expenses has 1,000 outstanding (accrual). Irrecoverable debts of 20,000 are to be provided for A further allowance of 7,000 on the remaining balance is also to be provided. Depreciation on Property is 310,000 for the current year. You are required to calculate a) Cost of Sales (3 marks) b) Gross Profit (2 marks) c) Operating Profit (2 marks) d) Profit for the year (2 marks) e) Net Book Value of Property at 31 December 2019