The following is the financial information of Locust Ltd Statement of profit or loss for the year ended 30 September, 2018 Sales Cost of goods sold Gross profit Expenses 212,300 140,900 71,400 Depreciation expense Increase in bad debts provision Interest expense Other operating expenses (13,430) (120) (1,400) (38,480) Other gains and losses: 720 18,690 (3,022 15,668 Gain on sale of plant and machinery Profit before tax Tax expense Profit after tax