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Q.2 Prepare the income statement based on below data Gross Profit Margin =15%, COGS is 200000 , All Other Operating Expenses (excl. depreciation) are 7% of Sales, Depreciation Expense are 10% of Net Fixed Assets, Times Interest Earned is 2.5 times, Interest expense is Rs. 20,000 , Tax rate is 40%. Fixed Asset tumover 20\%. Profit Margin is 4.5%. Complete the following profit and loss statement based on the above given information. Show all the calculations with relevant formulas