The following details are taken from the accounting records of Halfmoon Ltd 30 june 2019

	Debit $	Credit $
Retained earnings		310,000
Revaluation surplus		255,000
Sales revenue		2,495,000
Sales returns and allowances	10,000
Cost of sales	1,360,000
Inventory	11,000
Administrative expenses	475,000
Bank overdraft		1,250
Other expenses	30,000
Tax payable		2,250
Interest revenue		7,000
Interest expenses	10,500
Bank overdraft		5,000
Account payable		2,500
Other debtors	1,000
Share capital		600,000
Allowance for doubtful debts		1,000

Additional information:

(a) During the year ending 30 June 2019, 100,000 shares were issued at an issue

price of $3.50 each, payable in full on application.

(b) During the year, the company paid dividends of $160,500 to the

shareholders.

(c) During the year ending 30 June 2019, 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

$130,500.

(d) The company tax rate is 30%.

Prepare a statement of comprehensive income (by function) and a statement of

changes in equity for Halfmoon Ltd for the year ended 30 June 2019,