Tuas Ltd reports the following information for the financial year ended 31 December 2017.

(D Cost of goods sold Gross profit Operaung expenses Depreciation expense Other expenses Total operating expenses Profit before tax Income tax expense Net profit (ii) Total current assets Accounts receivable Accomts payable Accnted expenses Inventories Prepaid expenses (42,000) (85,500) 31 December 2017 160,500 233,500 10,500 951,000 4,800 475,750 (179.500) 296,250 (127500) 168,750 (33,750) 135.000 31 December 2016 121,500 254.000 6,000 701,500 5,400