PLN is Polish Zloty currency.

Exercise 2 The company "Gamma SA" conducts production activity and the costs of basic operating activity are recorded in the calculation system. In the current reporting period, the company had the following costs: Costs of production Selling costs General and administrative expenses 4,500.00 100.00 400.00 In addition, the following economic operations took place in the current reporting period: 1. 300 pieces of finished products and 200 pieces of unfinished products were produced, with the value of the actual production cost of PLN 1,500. Finished goods were taken from the production process to the warehouse 2. 200 items of finished products were sold at the selling price of PLN 20 net per item. 3. The bank charged interest on the funds in the current account in the amount of PLN 20. 4. Expired liabilities towards suppliers in the amount of PLN 200 were written off. 5. The amount of PLN 80 was received by bank transfer as a contractual penalty not charged previously from the contractor. 6. Income tax was established (19%). TO DO: Prepare the profit and loss account of "Gamma SA" for the current reporting period in a multiple-step variant. Profit and loss The amount of PLN A. Net revenues from sales of products, merchandise and materials Net revenues from the sale of products B. Costs of products, goods and materials sold Manufacturing cost of products sold c. Gross profit (loss) on sales D. Selling expenses E. Administrative expenses F. Profit (loss) on sales G. Other operating income H. Other operating expenses I. Profit (loss) on operating activities J. Financial income K. Financial costs L. Gross profit (loss) M. Income tax N. Net profit (loss)