Please answer the required part 1 and 2

Question 1 Bax Ltd's statement of profit or loss for the year ended 30 June 2017 and extracts from its statements of financial position as at 30 June 2017 and 30 June 2016 are shown below. The statements for the current year are yet to be finalised by accounting for income tax Bax Ltd Statement of Profit or Loss for the year ending 30 June 2017 Income Service revenue Rent revenue Insurance claim for loss of profits Less: Expenses Employee expenses Insurance expense Accounting fees Bad and doubtful debts Cleaning and maintenance Depreciation of equipment Entertainment expenses Interest on borrowings Legal fees Motor vehicle expenses Other Restructuring costs Profit before tax $900000 50 000 41 200 991 200 660 000 50 000 5 500 19 500 3 250 5 500 4 000 75 000 3 800 6 000 3 750 23 000 859 300 $ 131 900 Question 1 Bax Ltd's statement of profit or loss for the year ended 30 June 2017 and extracts from its statements of financial position as at 30 June 2017 and 30 June 2016 are shown below. The statements for the current year are yet to be finalised by accounting for income tax Bax Ltd Statement of Profit or Loss for the year ending 30 June 2017 Income Service revenue Rent revenue Insurance claim for loss of profits Less: Expenses Employee expenses Insurance expense Accounting fees Bad and doubtful debts Cleaning and maintenance Depreciation of equipment Entertainment expenses Interest on borrowings Legal fees Motor vehicle expenses Other Restructuring costs Profit before tax $900000 50 000 41 200 991 200 660 000 50 000 5 500 19 500 3 250 5 500 4 000 75 000 3 800 6 000 3 750 23 000 859 300 $ 131 900