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The following information relates to Clooney Enterprises Co for the year to 31 December Year 11: pound Depreciation for the year 9,500 Opening equity 85,000

The following information relates to Clooney Enterprises Co for the year to 31 December Year 11:

pound

Depreciation for the year

9,500

Opening equity

85,000

Opening inventories

18,200

Sales revenue

184,500

Equity introduced during the year

15,100

Purchases

56,500

Interest receivable

3,500

Equity withdrawn during the year

8,500

Closing inventories

28,600

Interest payable

3,100

Salaries and wages

19,900

Insurance

5,300

Bad debts written off

2,400

1. What is the gross profit for the year?

The gross profit for the year is

poundnothing.

(Type an integer.)

2. What is the operating profit for the year?

The operating profit for the year is

poundnothing.

(Type an integer.)

3. What is the profit for the year?

The profit for the year is

poundnothing.

(Type an integer.)

4. What is the equity figure at the end of the year?

The equity at the end of the year is

poundnothing.

(Type an integer.)

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