1. Information for Aurora Ltd. for the fiscal year ending December 31, 2024:

• Sales: ₹300,000
• Cost of Goods Sold: ₹180,000
• Administrative Expenses: ₹25,000
• Selling Expenses: ₹20,000
• Interest Expense: ₹10,000
• Income Tax: ₹12,000

Requirements:

1. Calculate the gross profit.
2. Determine the operating profit.
3. Compute the net profit before tax.
4. Calculate the net profit after tax.
5. Prepare the income statement.