Task 2 One of your organisation's businesses, Eaststand plc, a manufacturing and distribution company, has been in operation for 3 months since April 2017. Your organisation had originally invested 10 million of assets (capital) into the company. The overall market for the product for the 3 months period ending June 2017 had been estimated to be around 25 million of sales. At the end of the 3-month trading period June 2017 the actual overall market for the product for the period had been around 30 million of sales The operating budget for Eaststand plc for the 3-month period had been formulated as follows April June 2017 Actual Eaststand plc Income Statement April June 2017 Budget Sales Cost of goods sold Gross prori 2,500,000 625,000 1,875,000 2,400,00 1,680,00 Operating costs Salaries Rent and rates Heating and Lighting Office consumables Vehicle running expenses Depreciation of equipment Repairs and maintenance Total operating expenses 500,000 300,000 200,000 100,000 200,000 10,000 200,000 1,510,000 550,00 300,00 260,00 100,00 200,00 10 240,00 1,660,000 Operating Profit / Loss (-) 365,000 20,000