From the following statement of Profit & Loss , prepare the comparative statement of Profit & Loss Particulars FY19-20 FY18-19 Income Revenues from Operations 3,50,000 3,00,000 Expenses Purchases of Stock in trade 2,10,000 1,80,000 Changes in Inventories 15,000 20,000 Employees Benefit Expenses 17,500 15,000 Other Expenses 7,500 5,000 2,50,000 2,20,000 III. Profits before tax (1-I1) 1,00,000 80,000 IV. Taxes 30,000 24,000 Profits after tax (Ill-IV) 70,000 56,000