profit ratio Seven Oaks Ltd Trial Balance Extract As at June 30, 2017 Sales 2,340,000 Cash and Cash Equivalents 291000 Account Payable 65000 Sales Returns 15900 Advertising 136000 Cost of Sales 1,481,300 Accounts Receivable 125000 Discount Received 7350 Discount Allowed 5220 Inventory 215000 Dividends Received 6900 Sales Commission Paid 190000 Doubtful Debts 2340 Land 5,200,000 Retained Earnings 163000 Interim Dividends Paid 62000 Share Capital 7,000,000 Share Issue Costs 150000 Interest Income 1400 Interest Expense 6850 Cartage Inwards 12850 Wages Sales Staff 215000 Administrative Staff Salaries 193000 Insurance 12000