QUESTION 4 The following is an extract of the profit and loss account of Darko Ltd for the year ended 31st December 2021 GHE GH Gross profit 940,000 Net dividend received 15,500 Profit on sales of motor van 2000 17,500 957,500 Less: Operating Expenses Motor Expenses 140,000 Entertainment 6,000 Salaries and Wages 210,000 Repairs 97,500 Fines and Legal fees 43,500 Training expenses 690 Postage and Telephone 30,000 Bad debt 7,480 Interest expense 12000 Depreciation 24,500 Advertising 42,500 Financial expenses 61,380 Donation and Subscription 73,250 Audit fees 105,700 854,500 103,000 NET PROFIT Addition information: 1. Motor expenses include: GH Purchase of new engine 89,500 Fuel and lubricant 50,500 The engine was purchased to maintain a vehicle which had a written down value of GH 200,000)