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Question 6 - (11 marks) Melbourne Ltd Statement of Comprehensive Income for reporting period ended 30 June 2016 Revenues from ordinary activities $100,000 Expenses from

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Question 6 - (11 marks) Melbourne Ltd Statement of Comprehensive Income for reporting period ended 30 June 2016 Revenues from ordinary activities $100,000 Expenses from ordinary activities (excluding borrowing costs expense) * $93,000 Finance costs $1,000 Profit from ordinary activities before income tax expense $6,000 Income tax expense relating to ordinary activities $4,000 Profit after tax $2,000 * Expenses from ordinary activities included: Cost of goods sold $55,000 Wages and salaries $25,000 Rent $4,000 Power and light $1,000 Advertising $3,000 Depreciation $5,000 Required: Prepare value added statement for Melbourne Limited at 30/06/2016. [Answer and show workings here)

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