The following information was obtained for Glow Ltd for the year ended 30 June 2019. Prepare a statement of profit and loss account and other comprehensive income

Other operating expenses Cost of Goods sold Gain on sale of machinery Income tax expense for the current year Net sales revenue Retained earnings (1/7/19) Selling and distribution expenses Gain on translation of financial statements

$

400,000 1,800,000 120,000 620,000 5,000,000 240,000 500,000 80,000

Note: 1. Write the correct title for profit and loss account in the space provided in the format (top of the format provided) (1 mark)

2. Clearly show what goes in profit and loss account and calculate profit after tax and and then show total comprehensive income (4 marks)