ccan you solve this questions(1 and 2) ?

6 5 Chapter 3.pdf X + V - 0 x o file:///C:/Users/enesb/Downloads/Chapter%203.pdf 44 146 lo - + Sayfaya sdr CD Sayfa grnm | All Sesli oku Not ekle 6 H E 3 Financial Statements 3.15 Exercises 1. An engineering business is expected to have revenues of $1 million each year. The costs of producing the manufactured items, consisting of labour and raw materials, amounts to $600,000. The overheads are $50,000, the interest on debt is $50,000 and the tax rate is 35%. (i) What is the gross profit? (ii) What is the EBIT (PBIT)? (iii) How much tax is paid? (iv) What is the net income (profit)? Over a period of a year, a business engages in the following transactions: (i) Borrows $600,000 from the bank (ii) Purchases a lathe for $50,000 Purchases a delivery vehicle for $15,000 (iv) Purchases stock for $200,000 (v) Sells $100,000 of product, which has not been paid for by the end of the year Construct a balance sheet representing these transactions. An engineering consultancy has the following income and expenses during a particular reporting period: (iii) 3. Aramak iin buraya yazn ADN 4) 23:03 24.02.20203