Double Entry Book Keeping Rules Chapter -03 41) Sasha has prepared a draft income statements for her business: Sales 256,800 Cost of sales Opening inventory 13,400 Purchases 145,000 Closing inventory 14.200 (144.200) Gross Profit 112,600 Expenses (76,000) Net Profit 36,600 Sasha has not yet recorded the following items: . Carriage in of $2,300 Discounts received of $3,900 . Discounts allowed of $1,950 After these amounts are recorded, what are the revised gross and net profits of Sasha s business? Gross profit Net Profit $ 108,350 36,250 108,350 28,450 eage 110,300 28,450 110,300 36,250