On 19 January 2023 due to a Board of Directors' decision to concentrate on core activities, the group's board committed itself to sell its seafood operation (Division 4) Consisting of only trawlers and fixed property by public auction on 20 February 2023. The discontinuance is expected to be completed by 31 May 2023. This operation is reported in Pictorial Limited PICTORIAL LIMITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2023 Revenue Cost of sales Gross profit Other income Distribution costs Administrative expenses Other expenses Finance costs Share of profit of associates Profit before tax Tax expense Profit for the year from operations Div 1 102 100 (50 000) 52 100 4 500 (3 000) (4 500) (7 000) (6 500) 18 000 53 600 (22 000) 31 600 COMPANY Div 2 Div 3 99 500 (45 500) 54 000 6 000 (2 500) (4 100) (6 900) (8 100) 24 000 62 400 (31 000) 31 400 200 000 (98 000) 102 000 8 500 (7 800 (5 400) (7 400) (9 000) 18 000 98 900 (35 000) 63 900 Required Prepare the statement of comprehensive income and the accompanying notes of Pictorial Limited for the year ended 31 December 2023 Div 4 182 000 (90 000) 92 000 7 500 (3 000) (4 400) (7 300) (8 400) 24 000 100 400 (42 000) 58 400