Read the information below and answer the following questions INFORMATION The following statement of comprehensive income for the financial year ended 31 December 2021 and the statement of financial position as at 31 December 2021 have been provided by Midas Enterprises: Statement of comprehensive income for the year ended 31 December 2021 R Sales 10 000 000 Cost of sales (5 750 000) Gross profit 4 250 000 Variable selling and administrative expenses (1 500 000) Fixed selling and administrative expenses (500 000) Net profit 2 250 000