Natural Black's trial balance at 31 March 2020 was as follows: Chart of Account Sales revenue Inventory- 1 Apr 2019 Debit $ Credit $ Time left ( 55 000 5.000 Purchase of goods for re-sale 20 500 Wages & salaries expenses 6.000 Rent and electricity expenses 12 600 Carriage inwards charges 1 320 Carriage outwards charges General administrative cost 1.080 1 250 Plant and Machinery cost Office Equipment cost Receivables & Payables 8 000 1000 1.900 800 Bank balance Cash drawings Capital Total Note 1. Inventory 31 March 2020 $ 3.000 2. 15 820 6 330 25 000 80 800 80 800 Depreciation on all non-current assets at the rate of 20% p.a straight-line method The net profit for the year ended 31 March 2020 is