The following information relates to Diana Ltd:

Sales revenue Cost of sales Selling expenses Administrative expenses Other expenses Gain on sale of plant Interest revenue

$1 100 000 468 000 120 000 72 000 68 000 10 000 6 000

Additional information:

• Other expenses listed above includes interest expense of $24,000.
• During the year, the companys land was revalued for the first time and a gross gain of $20,000 was recorded.
• The companys income tax rate is 30%.
• Diana Ltd uses the single statement format for the statement of profit or loss and other comprehensive income and classifies expenses by function.

Required

Based on the above information, prepare a statement of profit or loss and other comprehensive income for Diana Ltd for the year ended 30 June 2022, in accordance with the requirements of AASB 101. (6 marks)

Provide your answer in the space below.