The general ledger trial balance of DEF Ltd includes the following accounts at 30 June 2023.

• DEF Ltd recognised a loss on valuation of \($1500\) net of tax for financial assets recognised at fair value through other comprehensive income. No financial assets were sold during the year.

• A gain of \($6000\) net of tax was recognised on the revaluation of land.

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

• DEF Ltd classifies expenses by function.

Required 

Prepare the statement of profit or loss and other comprehensive income of DEF Ltd for the year ended 30 June 2023, showing the analysis of expenses in the statement.

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(a) Sales revenue (b) Interest income (c) Gain on sale of plant (d) (e) Valuation gain on trading securities Dividend revenue (f) Cost of sales (g) Finance expenses (h) (i) Administrative expenses (j) Selling and distribution expenses Income tax expense $ 1 800 000 36 000 7 500 30 000 7 500 1 260 000 27 000 114 000 52 500 127 500