The general ledger trial balance of Caitlin Ltd, an investment company, includes the following revenue and expense items for the year ended 30 June 2023.

• The revaluation gain for financial assets recognised at fair value through other comprehensive income held during the year ended 30 June 2023 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 2023.

• Caitlin Ltd uses the single statement format for the statement of profit or loss and other comprehensive income.

• Caitlin 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 Caitlin Ltd for the year ended 30 June 2023, in accordance with AASB 101/IAS 1.

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Dividends from investments Dr Distributions from trusts Interest on deposits Interest income from bank bills Income from dealing in securities and derivatives (held for trading purposes) Loss on credit derivatives (held for trading) $ 60000 Other income Interest expense Administrative salaries and wages Sundry administrative expenses Income tax expense 15000 30 000 45000 280000 Cr $920000 60 000 80 000 10000 40 000 10000