Student number Student Name Exercise 9.12 Computer Lab Week 8 Hoggett p.443 PREPARATION OF INCOME STATEMENT DATA SECTION Profit before tax Cost of Sell/Admin Developmt costs 30/6/19 Sales Sales & Fin. Exps Flood loss w/off $ 220,000 $ 540,000 $ 234,000 $ 72,000 $14,000 $ 22,000 $ Interest Company Revenue Bad Debts Tax Rate 18,000 $ 36,000 30% Required: Prepare the income statement for the year ended 30 June 2016 SOLUTION SECTION NEVERTIRE LTD Income Statement for the year ended 30/6/2019