Below is the unadjusted trial balance as at $30$June $2024.$The company's financial year ends on $30$June$.$

Cash at Bank: Debit: $$24000$

Accounts receivable:Debit: $$32000$

Inventory: Debit: $$22710$

Supplies$($asset$)$: Debit: $$2500$

Prepaid insurance:Debit:$$235$

Equipment$($cost$)$: Debit: $$62000$

Vehicle$($cost$)$: Debit: $$82000$

Cost of Sales: Debit: $$52000$

Sales Returns and Allowances: Debit: $$1870$

Discount Allowed: Debit: $$1500$

Electricity expense: Debit: $$3000$

Insurance expense: Debit: $$2585$

$$Sales salaries expense:Debit: $$20500$

Selling expense: Debit: $$7570$

Dividends paid: Debit: $$2000$

Accumulated Depreciation$-$equipment: Credit: $$2500$

Accounts payable: Credit: $$14085$

PAYE payable: Credit: $$1600$

Bank loan $(10\%$interest p$.$a$.)$: Credit: $$30000$

Share Capital: Credit: $$110000$

Retained earnings: Credit: $$42700$

Sales: Credit: $$114930$

Discount received: Credit: $$655$

Additional data as at $30$June $2024$:

a$.)$Supplies on hand on $30$June $2025$are $$2300$

b$.)$ Annual insurance premium of $$2820$was paid on $1$July $2023.$Adjustments to Prepaid insurance have been made until and including $31$May $2024.$

c$.)$ Junes electricity bill of $$500$was received and is payable on $15$July $2024.$This bill has not yet been recorded in the account. Use Accounts Payable to record the electricity bill.

d$.)$Sales salaries accrued but not paid as of $30$June $2024$are $$3000($Gross$).$PAYE $(10\%$of gross$)$is payable on the $10$th of the first month of each quarter.

e$.)$ No depreciation has been charged since the last financial year. Depreciation is to be charged at the following rates:

For Equipment: the straight line method at a rate of $10\%$is used for all equipment. Note: some equipment was purchased on $1$January $2023,$while the remaining equipment was bought on $1$April $2024,$at a cost of $$12000.$No residual value is assigned to any of the equipment.

For Vehicle: the company vehicle was purchased on $1$September $2023$and has a useful life of $5$years$.$ The estimated residual value is $$4000.$Straight line depreciation method is used for the vehicle.

f$.)$The bank loan of $$30000$was taken out on $1$ July $2023$for five years. A payment of $$12000,$ including both principal and interest, is due annually. The interest is charged at a rate of $10\%$p$.$a$.$and is not compounded.

g$.)$The company includes supplies, electricity, insurance and depreciation expenses under administrative expenses. Interest expense is listed separately under financial expenses.

h$.)$Due to an economic downturn, all profits will be retained at the end of the financial year.

For the purpose of this question please ignore GST and income tax.

Prepare a Classified Statement of Profit and Loss for the year ended $30$ June $2024?$