The records of DIOSA Merchandising for two comparative periods (2017 and 2018) are as follows:

1) Comparative Statement of Financial Position

2018 2017 Current assets Cash and cash equivalents 7,500 10,000 Trade and other receivables 113,500 138,000 Inventory 302,000 238,000 Prepaid expenses 10,000 7.500 Total current assets 433.000 393.500 Non-current assets Property, plant, and equipment 1,500,000 1,112,500 Investment in stocks 500:000 500.000 Total non-current assets 2,000,000 1,612,500 Total assets 2.433,000 2,006.000 Current liabilities Trade and other payables 118,500 104,500 Other current liabilities 50.000 42,500 Total current liabilities Non-current liabilities 168,500 147,000 Bonds payable - 10% Total liabilities 500.000 500.000 Owner's equity 668,500 647,000 Yvone, Capital Total liabilities and owner's equity 1,764,500 1,359,000 2,433.000 2.006.000Sales 1,635,000 Some off abiup lo sobrangmoo and i Bofall 1,457,500 Expenses it and Cost of sales co sail seora sip esgrol mart) 1,050,000 950,000 no Selling expenseseeger ver sogie bebubs pals . 185,000 170,000 Administrative expenses :mila nov at deso coat 100.000 107.500 Total 1,335,000 1,227,500 Operating income oftol es at often desi-bios 10 crim 300,000 230,000 Interest expense 50.000 50.000 Income before tax 250,000 180,000 Income tax - 30% 75,000 54.000 Income after tax ober Jasi-blos 10 175.000 126.000