A. The directors of Carlos Ltd provide you with the following financial information for the period ended 30 September 2016: selling expenses $96 000; occupancy expenses $12 000; finance expense $26 400; loss due to legal action $5400; administrative expense $20 400; cost of sales $180 000; ordinary share capital (100 000 shares issued) $300 000; sales revenue $720 000; other revenue $15 000; dividends declared (for current period) $14 400; retained earnings at beginning $258 000. Income tax is to be applied at a 30 percent rate to profit before tax.

Required : Prepare a statement of profit or loss for Carlos Ltd for the period ended 30 September 2016.