Use the information below to answer questions 29 and 30.Work-in-progress 1/1........................₦1,000 Work-in-progress 31/12......................₦2,00...

Use the information below to answer questions 29 and 30.Work-in-progress 1/1........................₦1,000

Work-in-progress 31/12......................₦2,000

Production cost of goods manufactured.......₦20,000

Sales.......................................₦50,000

Stock of finished goods 1/1.................₦4,000

Stock of finished goods 31/12...............₦5,000

Selling and distribution expenses...........₦2,000

Administrative expenses.....................₦1,000Determine the gross profit?