Answer within 20 minutes. Answer must be correct. If you answer within 20 minutes I will give you 3 upvote. Do not use any excel file for answer. Use word file/Hand written. Please fast.

Problem 3: TNT Corporation's cost of goods sold is 75% of sales, its operating expenses are BDT 5 lac, it has a loan of BDT 20 lac @ interest rate of 9%, the tax rate is 20%, and it retained 60% of its net income. Determine the sales amount if the dividends are BDT 6 lac. State the purpose of income statement. [4+1 = 5 marks]