Marrke was reviewing the data that he got from his professor regarding cost of sales \& sales for the year 2021: Marrke noted that there is no standard percentage yet on costing. But his professor insisted that the cost of sales percentages were the actual figures for the year 2021. Assuming that the administrative expenses is 50% of the of the gross profit while selling expenses is 25% of the administrative expenses, with annual tax rate of 20%. Question: How much is the income or loss after tax of the company for year 2021? Answers (including the computation) shall be in pdf. Grading: 10 points for the correct sales figure 10 points for the correct cost of sales figure 5 points for the correct operating expenses figure 5 points for the correct tax figure 10 points for the correct income after tax figure Total points - 40 Marrke was reviewing the data that he got from his professor regarding cost of sales \& sales for the year 2021: Marrke noted that there is no standard percentage yet on costing. But his professor insisted that the cost of sales percentages were the actual figures for the year 2021. Assuming that the administrative expenses is 50% of the of the gross profit while selling expenses is 25% of the administrative expenses, with annual tax rate of 20%. Question: How much is the income or loss after tax of the company for year 2021? Answers (including the computation) shall be in pdf. Grading: 10 points for the correct sales figure 10 points for the correct cost of sales figure 5 points for the correct operating expenses figure 5 points for the correct tax figure 10 points for the correct income after tax figure Total points - 40