Gondola Ltd The following statements are provided for Gondola Ltd for the year ended 31 December 2020. Statement of profit or loss and other comprehensive income for the year ended 31 December 2020 Revenue Cost of sales Gross profit 7050 -3250 3800 Distribution costs -650 Administration expenses -344 Operating profit 2806 Interest receivable and similar income 136 Interest payable and similar charges -102 Profit on ordinary activities before taxation 2840 Tax on profit on ordinary activities -795 Profit for the year 2045