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

• Sales: ₹700,000
• Cost of Goods Sold: ₹420,000
• Administrative Expenses: ₹45,000
• Selling Expenses: ₹40,000
• Interest Expense: ₹18,000
• Income Tax: ₹22,000

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.

Prepare the income statement using a detailed bullet point format.