Question 4 Zebra Ltd started trading on 1 January 2019. The income statement and statement of financial position for the first year of trading are given as follows: Income statement for the year ended 31 December 2019 Revenue Cost of sales Opening inventory Purchases Closing inventory Gross profit Depreciation Other expenses Profit for the year 900,000 10,800.000 5,580.000 (504.000) (1 000)