Calculate gross profit: $[[$Share capital,$337,200],[$Land and buildings,$682,200],[$Share premium,$30,000],[$Loan to director: Stellen,$43,200],[$Equipment at cost$,40,400],[$Retained earnings $(1$ March $2022)$ Dr$,280,800],[$Accumulated depreciation: Equipment,$36,000],[$Long$-$term loan,$180,000],[$Debtors control,$86,400],[$Creditors control,$34,600],[$Sales$,604,800],[$Allowance for settlement discount,$7,800],[$granted$,155,600]]$

Additional information

The corporation is taxed at a rate of $28\%.$

The long$-$term loan was obtained on $31$ July $2011$ and bears interest at a rate of $12\%$ per annum.

The ban to Stellen is interest free and repayable in full on $30$ November $2024.$

The following are some of the ratios as at $28$ February $2022$ :

$\backslash$table$[[$Return on equity,$37\%$