A company is preparing its financial statements for the year ending 31 March 20X4. The initial trial balance has the following figures relating to income tax: Income tax payable at 1 April 20X3 - £ 21,200Income tax agreed with the state and paid during the year ended 31 March 20X4 - £ 19,500. The estimated income tax liability for the year ended 31 March 20X4 is £26,700. Calculate the amount for income tax expense in the company's statement of profit or loss.