The following details are taken from the accounting records of Black Ltd on 30 June 2021. Debit Credit $1,100,000 133,000 420,000 187,000 37,500 10,800 6,800 Ordinary share capital (1,500,000 shares) Retained earnings (1/7/20) Mortgage Accounts payable Allowance for doubtful debts Accumulated depreciation: Plant Buildings Buildings (at cost) Investments Accounts receivable Plant (at cost) Inventories Cash at bank Selling expense Sales Cost of sales Administrative expenses $253,000 395,000 482,400 98,000 643,100 378,300 13,200 1,614,500 1,081,000 165,600 3,509,600 3,509,600 Additional information The following items, not yet recorded, must be adjusted before the completion of the company's financial statements. a. Depreciation expenses to be recorded for some of the assets include $9,800 for Plant and $2,800 for the Buildings b. The interest of $25,000 for the investments was received on 30 June 2021 but has not been recorded. c. Following expert advice, the directors decided on 30 June 2021 to revalue the buildings. The fair value of the buildings is $400,000. d. The Administrative expenses as listed in the trial balance include interest expense of $50,000 on the mortgage. e. Income tax to be provided at 30% of profit before tax. Required Based on the ledger balances and the additional information provided, prepare a statement of profit or loss and other comprehensive income (cla expenses by function) in accordance with AASB 101. (8 marks)