Preparation of a statement of profit or loss and other comprehensive income  LO4 The general ledger trial balance of Liam Ltd, an investment company, includes the following revenue and expense items for the year ended 30 June 2019. Dr Cr Dividends from investments $920 000 Distributions from trusts 60 000 Interest on deposits 80 000 Interest income from bank bills 10 000 Income from dealing in securities and derivatives (held for trading purposes) 40 000 Loss on credit derivatives (held for trading) $ 60 000 Other income 10 000 Interest expense 15 000 Administrative salaries and wages 30 000 Sundry administrative expenses 45 000 Income tax expense 280 000 Additional information • The revaluation gain for financial assets recognised at fair value through other comprehensive income held during the year ended 30 June 2019 was $70 000. The related tax was $21 000. Revaluation gains and losses will not be reclassified. • No financial assets were sold during the year ended 30 June 2019. • Liam Ltd uses the single statement format for the statement of profit or loss and other comprehensive income. • Liam Ltd presents an analysis of expenses by function in the statement of profit or loss and other comprehensive income. Required Prepare the statement of profit or loss and other comprehensive income of Liam Ltd for the year ended 30 June 2019, in accordance with AASB 101/IAS 1.