The Income Statement for Pluto Company for the year 2007 was as follows Sales Revenue Cost of goods sold Gross profit Operating Expenses 200 000 Loss before interest and taxes Interest Expense Net loss alance Sheet as at 31 December R25 000 Accounts receivable 100 000 Total current Assets R300 000 Plant and equipment 250 000 Total long tem assets Total Assets Accounts payable Other accrued liabilities Interest payable Total current liabilities Long-term bank loan Ordinary shares Retained Earnings Total shareholders Equity Total iabilities and shareholders Equity R10 000 20000 R300 000 R 39 000 R 183 000 R901 00 TURN OVER Additional Information: a) Dividends of R84000 were dedlared and paid during the year b) Operating expenses include R c) Land and plant and equipment were acquired for cash. Cash was received from 40 000 of depreciation additional bank loans The CEO has asked you some questions about the year's results. He is disturbed with the net