An extract from the financial statements of Wedding Cake Island Ltd for the year ended 30 June is provided below. Wedding Cake Island Ltd: Abridged statement of comprehensive income for the year ended 30 June 2019 ($) Profit before tax Income tax expense Profit for the year Wedding Cake Island Ltd: Statement of changes in equity for the year ended 30 June 2019 Balance at 30 June 2017 Profit for the year Distributions Balance at 30 June 2018 Profit for the year ending 30 June 2019 Dividends Balance at 30 June 2019 Share capital $ 6400 6400 6400 2019 2018 ($) ($) 20700 17300 (6210) (5190) 14490 12110 Retained earnings $ Total $ 3210 9610 12110 12110 (4800) (4800) 105200 16920 14490 14490 (4800) (4800) 202100 26610 The following additional information is available: During the preparation of the 2019 financial statements, it became apparent that electricity expenses of $4700 had been omitted when the 2018 financial statements were prepared. The Tax Office has indicated that electricity expense will be permitted as a deduction for tax purposes. The tax rate is 30 per cent. REQUIRED Prepare the statement of profit or loss and other comprehensive income and statement of changes in equity so as to comply with all applicable accounting standards.