Q2. Calculate Net Sales, Cost of the goods Sold, Gross Profit and Net Profit from the following information Gross sales RO 53400 Purchase Discount RO 1675 Bank charges RO1654 Closing stock RO 11870 Cash RO 3200 Other Income RO 765 Owners Equity RO 76000 Building RO 32000 Depreciation RO 1230 Salaries RO 3450 Electricity RO 780 Sales Discount RO 6230 Freight in RO 1450 Sales returns is RO 4350 Opening stock is RO 7680 Purchases RO 16550 Machinery RO 21000 Purchase return RO 1240