Solve on the partial question

12:43 PM udmoodle.ud.ac.ae Limited, the tirst task you have been assigned to complete is to prepare the income statement for the 12-month period ended .ill etisalat June 30, 2022. On your desk on your first day, the previous chief financial officer has left you valuable information to complete the task 1. Total revenue recorded by Gulf Barges Limited during the accounting period was S185,852,000. Included in the total revenue figure is Other Revenue totalling $21,050,000 and Interest Income totalling $2,453,000. 2. Following is a list of expenses incurred by the company Ovcrhead irect Labour t Material 1,690,000.0 590,000 ffice les 3. On January 1, 2022, the company sold a block of land held for investment and recognized a gain on the sale of 12,861,000. 4. On Ap, 2022, the company sold equipment that 5. The company incurred finance interest charges during the 6. The company is involved in joint venture operations. As a resulted in a loss of $4,891,000. accounting period of S14,890,000 recorded a result of poor financial conditions, the company net loss of $15,069,000 from its share of the joint venture operations 7. From the operations of its associate firms, the company recorded a net gain of $4,287,000 for the financial period ended June 30, 2022. 8. If the company reports a profit during the year, the effective corporate tax rate is 25%. If a loss is reported the effective tax rate is zero Required Using the information supplied, prepare an income statement for Gulf Barges Limited for the accounting period that conforms with IFRS IAS I requirements and recommendation. (Hint: Expenses should be classified by function (e.g., cost of goods sold) not nature