At the end of 2020, the Light Bulb Company announced it had produced a gross profit of R1 million. The company has also established that over the course of this year it has incurred R345,000 in operating expenses and R125,000 in interest expenses. The company is subject to a 30% tax rate and has declared R57,000 total preferred share dividends. Determine both the Operating profit and the Net profit after tax equals for 2020.

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