The extract of trial balance of Wacco Ltd at30 June 2018was as follows:

Debit $

Credit $

Share capital

300,000

Retained earnings (1/7/17)

155,100

Revaluation surplus

127,500

Sales revenue

1,237,500

Cost of sales

675,000

Administrative expenses

237,500

Other expenses

15,000

Interest revenue

3,750

Interest expense

5,250

Additional information:

(a) During the year ending 30 June 2018, 75,000 shares were issued at an issue price of $2.00 each, payable in full on application.

(b) During the year ending 30 June 2018, the directors revalued land. The revaluation was based on an independent valuation received from a registered valuer. This results in an increase in the revaluation surplus of land (net of tax) of $65,000.

(c) The company tax rate is 30%.

Required:in the Templates provided below:

Prepare a statement of comprehensive income (classify expenses by function) and a statement of changes in equity for Wacco Ltd for the year ended 30 June 2018, according to the requirements of AASB 101.