1. Data for Starburst Co. for the fiscal year ending November 30, 2024:

• Sales: ₹600,000
• Cost of Goods Sold: ₹400,000
• Administrative Expenses: ₹45,000
• Selling Expenses: ₹35,000
• Interest Expense: ₹20,000
• Income Tax: ₹18,000

Requirements:

1. Calculate the gross profit.
2. Determine the operating profit.
3. Compute the net profit before tax.
4. Calculate the net profit after tax.
5. Prepare the income statement using a detailed bullet point format.