QUESTION 4 (a) Solve the gross prot and net prot for the business. KALA Enterprise Statement of Prot or Loss for the Year Ending 31 December 2020 RM RM Sales $0,000 Less: Cost of goods sold Purchases 40.000 Less: Closing inventory 25.000 GROSS PROFIT (i) Less: Expenses Discount 2.000 Advertising 3.000 General expenses 4.500 NET PROFIT (ii) (2 marks}