The treasurer of Reality Ltd has recently developed a computer model to help in the prediction of profits, statement of financial positions and cash flows. By entering the expected sales figure and the value of various other parameters, the model will print profit-related data and produce a statement of financial position. Given the parameters in the question, compose the predicted statement of profit or loss and the statement of financial position produced by the model (Round all amounts calculated to the nearest integer value at each step before you move to the other step in the calculations).

Expected sales	$250000
Gross profit as a percentage of sales	43%
Other expenses as a percentage of sales	12%
Tax rate on profits	30%
Dividend payout ratio	60%
Debt to equity ratio	70%
Current assets as a percentage of cost of sales	25%
Current ratio	1.3
Return on equity	29%

REALITY LTD Statement of profit or loss
	$
Sales revenue	$Answer
Cost of sales	-$Answer
Gross profit	$Answer
Other expenses	-$Answer
Profit before tax	$Answer
Tax expense	-$Answer
Profit after tax	$Answer

REALITY LTD Statement of financial position
Assets
	Current assets		$Answer
	Non-current assets		$Answer
Total assets			$Answer
Liabilities
	Current liabilities		$Answer
	Non-current liabilities		$Answer
Total liabilities			$Answer
Equity
	Equity		$Answer
Total liabilities and equity			$Answer