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	$370000
Gross profit as a percentage of sales	43%
Other expenses as a percentage of sales	27%
Tax rate on profits	30%
Dividend payout ratio	58%
Debt to equity ratio	107%
Current assets as a percentage of cost of sales	24%
Current ratio	1.1
Return on equity	12%

REALITY LTD Statement of profit or loss $ Sales revenue $ Cost of sales $ Cross profit $ Other expenses $ Profit before tax $ Tax expense -S Prolit alter tax $ REALITY LTD financial position Statement Assets Current assets Non current ussels Total assets $ Liabilities Current liabilities $ Non-current liabilities Total liabilities Equity Equity Total liabilities and equity