1. Data for Zenith Corporation for the fiscal year ending September 30, 2024:

• Sales: ₹250,000
• Cost of Goods Sold:

₹150,000

• Administrative Expenses: ₹22,000
• Selling Expenses: ₹18,000
• Interest Expense: ₹8,000
• Income Tax: ₹10,000

Requirements (in bullet points):

• Calculate the gross profit.
• Determine the operating profit.
• Compute the net profit before tax.
• Calculate the net profit after tax.
• Prepare the income statement.