Dear Chegg members,

Kindly provide the solution for the question?

Example 2

Use the following data to prepare the Statement of profit or loss and other comprehensive income in one statement.

Accounts	Dr. $000	Cr. $000
Revenue		390,000
Cost of sales	245,000
Other income		20,667
Distribution costs	9,000
Administrative expenses	20,000
Other expenses	2,100
Finance costs	8,000
Share of profit of associates		35,100
Income tax expense	40,417
Gains on property revaluation		933
Investments in equity instruments	24,000
Remeasurements of defined benefit pension plans	667
Share of gain (loss) on property revaluation of associates		400
Total number of shares	100,000