Alcon Construction Co. Ltd., commenced its business on 1st January, 2018. The following data has been extracted from its books in relation to a contract. TZS. Cash received from Contractee 120,000 Materials 40,000 Direct labour 55,000 Expenses at site 2,000 Plant& Equipments (at cost) 30,000 Fuel and Power 2,500 The contract price was TZS 300,000 and the work certified TZS 150,000. The work completed, since certification had been estimated at TZS 1,000 (at cost). Machinery costing TZS 2,000 was returned to stores at the end of the year. Stock of materials at site on 31- 12-2018 was worth TZS 5,000 and wages outstanding were TZS 200. Depreciation on machinery was to be charged at 10%. Required calculate the profit to