Sports International Ltd is in the business of manufacturing and selling sports equipment in the market. During the year ending December 31, 2021, the Company generated revenue of $150,000 by selling the different types of equipment manufactured by it. The costs of goods sold in the material used was $ 40,000 during the year. The expenses incurred by the company during the year include depreciation expenses of 8,000, rent charges of $5,000, salaries and wages of $ 8,000, amortization expense of $2000, utilities expense of $3,500 and other operating expenses of $ 12,000. During the year, interest paid on loan taken was $ 25,000 and the taxes paid were $ 10,000. Analyse the overall profitability of the company by preparing the Profit and Loss Statement for the year ended December 31, 2021 and calculate EBITA to manifest the operational profitability.