Rawson Traders Ltd commenced operations on the 1 st of July 2 0 2 3 . He presented its first statement of profit and loss, other comprehensive income, and the first statement of position on the 3 0 th of June 2 0 2 4 . The statements are prepared before considering taxation. The following information is available. Statement of profit and loss and other comprehensive income for the year. Revenue 1 , 5 0 0 , 0 0 0 Cost of sales 7 7 0 , 0 0 0 Gross profit 7 3 0 , 0 0 0 Expenses: Administrative expenses 8 0 , 0 0 0 Salaries 2 0 0 , 0 0 0 Long - Service Leave 2 0 , 0 0 0 Warranty expenses 3 0 , 0 0 0 Depreciation expense of Plant 6 0 , 0 0 0 Insurance 2 0 , 0 0 0 Total expenses 4 1 0 , 0 0 0 Accounting profit before tax 3 2 0 , 0 0 0 Assets and liabilities as disclosed in the statement of financial position as at the 3 0 th of June 2 0 2 4 . Assets: $ $ Cash 2