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