Robinson Company Ltd has extracted the following Trial Balance from its books on December 31, 2019:

Details	$	$
Buildings at costs	15,000,000
Furniture, etc. at cost	4,000,000
Depreciation buildings, January 1, 2019		6,000,000
Depreciation, furniture, etc. January 1, 2019		1,500,000
Purchases	8,000,000
Administrative expenses	1.600,000
Distribution expenses	1,800,000
Cash at bank	500,000
Inventory, January 1, 2019	750,000
Taxation charge for the year	800,000
Accounts receivable	2,200,000
Turnover		16,000,000
$1 ordinary shares		1,800,000
Share premium		1,700,000
Retained earnings, January 1, 2019		3,000,000
Bank loan		2,000,000
Trade payables		1,750,000
Other payables	-------------	900,000
	34,650,000	34,650,000

Additional information:

1. Inventory on December 31, 2019 was valued at $600,000.
2. Included within administrative cost is an amount of $400,000 relating to legal fees incurred by the company.
3. 200,000 ordinary shares were issued during the year at $2.50 each.
4. Depreciation was charged to administrative expenses as follows: Buildings 4% per annum straight line; furniture, etc. 20% reducing balance

Required:

Prepare the following statements for Robinson Company Ltd for the year ended December 31, 2019 in accordance with IAS1. (Show all workings)

1. The statement of profit or loss for the financial year.

Statement of Profit and Loss for year ended December 31, 2009

Details	$
Revenue	3,000,000
Cost of Sale	8,000,000
Gross Profit
Other Income