Following information is related to Akash Ltd.,
| Particulars | Amount |
| Revenue from operations | 5,00,000 |
| Purchase | 3,00,000 |
| salary | 10,000 |
| Depreciation | 8,000 |
| Interest on loan | 5,000 |
| Income Tax | 54,000 |
Prepare statement of profit or loss for the year ended 31.3.2017 as per Schedule III of Company Act 2013.
