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Use the following table to answer questions 7, 8 and 9 Stocks @31st Dec 2019 28,000 Sales 109,000 Stocks @ 1st Jan 2019 22,000 Purchases

Use the following table to answer questions 7, 8 and 9 Stocks @31st Dec 2019 28,000 Sales 109,000 Stocks @ 1st Jan 2019 22,000 Purchases 46,000 Salaries & Wages 39,500 Electricity 18,000 Depreciation 26,000 Other expenses 19,000 (3 Marks) (3 marks) 7. Determine the cost of sales? 8. What is the gross profit? 9. What is the Net profit

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