The summarized statements of profit or loss for the years ended 31" December 2020 and 2019 were: Sales revenues Less: Cost of sales Gross profit Less: Expenses Profit before tax Less: Tax Profit After Tax 2020 RO 000 108,000 (75,600) 32,400 (12400) 20,000 (4,000) 16,000 2019 RO 000 64,000 (40,000) 24,000 (10,000) 14,000 (3,000) 11,000