GBV Club is a non-profit organisation that was started by 130 members on 1 January 20.7. The objective of GBV Club is to address gender-based violence that is faced by South African citizens. On 1 January 20.8 GBV Club opened a small shop to raise additional funding. The shop sells, printed T-shirts with messages addressing gender-based violence. No T-shirts were on hand on 1 January 20.8. In order to prepare the financial statements for the current financial period ended 31 December 20.8, the bookkeeper presented the following information regarding the finances of the club to members at a meeting held on 31 December 20.8: (1) GBV Club purchased 1790 T-shirts during the current financial period at a cost price of R55.00 per T-shirt. (2) GBV Club donated 110 T-shirts to citizens during the year to raise more awareness about gender-based violence. (3) 430 T-shirts were on hand on 31 December 20.8 (considered as final inventory count for the current financial year). (4) T-shirts that have not been donated or not on hand, were all sold at a mark-up of 50% on cost price. The gross profit/loss amount for the small shop for T-shirts of GBV Club to be shown in the trading statement for the year ended 31 December 20.8 , will be: GBV CLUB T-SHIRTS: TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 20.8