a) Answer any out of the questions. Each Frank's Co. Statement of profit or loss and other comprehensive income for the year ended 31 December 2016 S000 Revenu Cont of sales 350 Gross Profit 1200) Distribution cost 290 Administrative 170 1001 Profit from operations 160 During the year the entity ran down a material business operation with all activities ceasing on 30 June 2016 The results were as follows: S000 Revenue 70 Cont of sales 145) Distribution cost 14 Administration cost 62 Loss 111 o Required: Prepare the statement of profit or loss for the year ended 31 December 2016 for the company, complying with IFRS 5. disclosing the information on the face of the statement of profit or loss, Show all working 10 marks