Statement of profit or loss and other comprehensive income  LO4 The general ledger trial balance of William Ltd includes the following accounts at 30 June 2019.

(a) Sales revenue $950 000

(b) Interest revenue 25 000

(c) Gain on sale of plant and equipment 10 000

(d) Cost of sales 600 000

(e) Finance expenses 15 000

(f) Selling and distribution costs 50 000 (g) Administrative expenses 30 000 (h) Income tax expense 75 000 Additional information • A revaluation gain of $20 000 net of tax was recognised for financial assets recognised at fair value through other comprehensive income held during 2019. This gain may subsequently be reclassified. • No financial assets recognised at fair value through other comprehensive income were sold during the year. • William Ltd uses the single statement format for the statement of profit or loss and other comprehensive income and classifies expenses by function. Required Prepare the statement of profit or loss and other comprehensive income of William Ltd for the year ended 30 June 2019, showing the analysis of expenses in the statement.