The financial statements for ABC Ld are given below:

The financial statements for ABC Ld are given below:

$\backslash$table$[[$Income Statement,$2021,2022,$Balance Sheet,$2021,2022],[$Sales$,2,50,000,3,00,000,$Liabilities and Equity,,$],[$COCS$,1,00,000,1,20,000,$Accounts payable,$60,000,60,000],[$Gross Profit,$1,50,000,1,80,000,$Short$-$term deht,$30,000,60,000],[$SG & A$,30,000,35,000,$Lang$-$term debt,$3,00,000,3,54,000$