1. The following information pertains to Moonlight Inc. for the fiscal year ending March 31, 2024:

Item	Amount (₹)
Sales	500,000
Cost of Goods Sold	300,000
Administrative Expenses	40,000
Selling Expenses	30,000
Interest Expense	15,000
Income Tax	20,000

Requirements:

• Calculate the gross profit.
• Determine the operating profit.
• Compute the net profit before tax.
• Calculate the net profit after tax.
• Prepare the income statement.