Below are extracts from the financial statements of Charlton Ltd: Statement of profit or loss for the year ended 31 December 2020 Revenue Cost of sales 214,550 (182,000) Gross profit Investment income 32,550 4,760 Loss on disposal (40) Distribution costs (6,300) Administrative expenses (3,500) Profit from operations 27,470 Finance costs (2,800) Profit before tax 24,670 Income tax expense (2,100) Profit for the period 22,570 Statements of financial position 31 December 2020 31 December 2019 Assets Non-current assets Property, plant and equipment 15,920 5,950 Investments 17,500 17,500 33,420 23,450