Revenue $ $

Sale 350,000
Cost of goods sold
opening inventories 30,000
add purchases 90,000
add freight-in and customs duty 10,000
less closing inventory 30,000

less cost of goods sold 30,000

gross profit 120,000
add other operating revenue
rent received 2,000
commission revieved 3,000
total revenue 325,000

Less Other Operating Expenses

selling & distrubution expense
advertising 5,000
public relations 2,000
website marketing 6,500
General and Admininistrative expenses
depreciation 10,000
electricity 1,000
insurance 1,000
rent expense 30,000
wages and salaries 45,000
financial expenses
bad debts 1,500
total expenses 305,000
NET PROFIT (EBIT) 30,000