A The following information has been extracted from the accounting records of Sycamore Ltd for the year ended 30 June 2012.

\begin{tabular}{lr}

& $£$ \\

Sales & $9,000,000$ \\

Historical cost trading profit & $4,000,000$ \\

Interest payable & 500,000 \\

Corporation tax charge for the year & $1,500,000$ \\

Ordinary dividend proposed & 600,000 \\

Additional depreciation adjustment & 200,000 \\

Cost of sales adjustment & 800,000 \\

Monetary working capital adjustment & 370,000 \\

\hline Gearing adjustment: $\frac{L}{L+S}$ & $20 \%$

\end{tabular}

\section*{Required:}

Prepare a current cost income statement for Sycamore Ltd for the year ending 30 June 2012.