The accountant at Venus Ltd has asked you to prepare the statement of profit or loss and other comprehensive income for the year ended 30 June 2025 in accordance with AASB 101 (classify expenses by nature). To assist, the following trial balance extract has been provided:

Debit Credit

Sales revenue $5,725,000

Sales returns and allowances $56,100

Changes in inventories of finished goods 390,500

and work in progress

Raw materials used 4,000,000

Salaries and wages expense 675,000

Other employee benefits expenses 125,000

Other expenses 228,700

Interest paid 82,400

Interest received 72,500

Dividends received 23,000

Sundry revenue 1,500

Depreciation and amortisation expense 343,500

Other information:

1.Proceeds from sale of land is $300,000

2.Cost of land sold $185,000

3.The company tax rate is 30%.

Required:Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2025.(12 marks)