1. Financial information for Sunset Corp. for the fiscal year ending August 31, 2024:

• Sales: ₹450,000
• Cost of Goods Sold: ₹270,000
• Administrative Expenses: ₹35,000
• Selling Expenses: ₹25,000
• Interest Expense: ₹12,000
• Income Tax: ₹14,000

Requirements:

1. Compute the gross profit.
2. Calculate the operating profit.
3. Determine the net profit before tax.
4. Compute the net profit after tax.
5. Prepare the income statement in a structured table format.