Required Calculate the following (10 marks) i. Gross Profit ii. Total Expenses iii. Net Profit iv. Cost of goods sold/ Cost of sales

v. Equity

d. d. Using the following information from the books of Lesego at the end of trading year 2021 below: The books of Lesego at the end of trading year 2021 Debit Credit (Pula) (Pula) Sales 40000 Purchases 18500 Wages and salaries 5100 Repairs and maintenance 1300 Heating and lighting 900 General expenses 1200 800 Insurance Cash at bank Cash in hand 2200 1300 Trade receivables 4100 Trade payables 3400 Premises 30000 Fixtures and fittings 10000 Motor vehicle 8000 Capital 52000 Drawings 12000 Additional Information Inventory as at 31 December 2021 P4500