ILLUSTRATION 5.4 Following is a consolidated statement of sales, cost of sales and selling expenses (incurred) related to A Ltd. For the quarter ending 31st March, 2019 Selling Expenses incurred Region Sales Cost of Products Sold Central Office Regional Office Northern 270 216 5 13 Western 480 400 10 33 Eastern 560 490 12 35 Southern 330 300 8 16 1640 1406 35 97 Assuming the standard selling expenses admissible at 7% on sales, prepare a detailed statement showing 'standard net profit' and 'actual profit' due from each region