R R Total Sales 1 580 000 Less Cost of Sales (305 786) Gross profit ? Add other Income ? Rent Income 10 500 Bad debts recovered 500 Less Operating Expenses (?) Salaries (210 000) Rent Expense (12 000) Telephone Expense (6 000) Depreciation (15 000) Bad Debt (5 020) Operating profit before ? Finance cost Less Interest paid (18 000) Profit before Income Tax it Less Income tax (202 500) Net Profit 7