A Joytan Ltd has a trading profit, before dealing with any of the undermentioned items, for the year ended 31 December 2013 of $£ 500,000$. Prepare the income statement for the year.

(a) The standard rate of income tax is $25 \%$.

(b) Joytan Ltd has bought $£ 100,000$ of $8 \%$ loan notes in another company. Joytan Ltd receives its interest, less income tax, for the year on 6 November 2013.

(c) Joytan has issued $£ 300,000$ of $10 \%$ loan notes, and pays interest, less income tax, for the year on 22 December 2013.

(d) No cheque has been paid to Revenue and Customs for income tax.

(e) Joytan Ltd has a liability for corporation tax, based on the year's profits for 2013, of $£ 210,000$.

(f) Joytan Ltd owns 90,000 ordinary shares of $£ 1$ each in Plax Ltd, and receives a cheque for the dividend of $15 \%$ in October 2013. Plax Ltd is neither a subsidiary company nor a related company of Joytan Ltd.

(g) Joytan Ltd proposed a dividend of $9 \%$ on its 500,000 ordinary shares of $£ 1$ each, payable out of the profits for 2013.

(h) Transfer $£ 50,000$ to general reserve.

(i) Unappropriated profits brought forward from last year amounted to $£ 122,000$.