Question #6: Given below are the statement of comprehensive income and statement of financial position of HP Itd. for the year ended December 31, 2007. Statement of Comprehensive Income For the year ended December 31, 2007 Sales Cost of sales Gross profit Administrative expenses Interest expense Depreciation expense Interest income Dividend income Gain on sale of shares Profit before taxation Income tax expense Net profit after tax 1,200 700 (360) (30) (35) 50 345 100 Statement of Financial Position As on December 31,2007 Cash Trade receivables 2007 i35 301 2006 120 91