A company's income statement for the year to 31 December 2017 is as follows: Turnover Cost of

A company's income statement for the year to 31 December 2017 is as follows:

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Turnover Cost of sales Gross profit Other income Less: Distribution costs Administrative expenses Profit for the year (before tax) Notes: 1. The other income of 24,000 consists of rents receivable. 2. Distribution costs are as follows: Depreciation of distribution vans Loss on disposal of distribution van General distribution costs (all allowable) CH 187,770 341,920 1,640,430 827,390 813,040 24,000 837,040 529,690 307,350 18,530 990 168,250 187,770