The following information was obtained from the financial records of Bulmer Ltd for the year ended 30 June 2020. Prepare the statement of profit or loss for the year ended 30 June 2020.

Retained earnings 1 July 2019

Sales revenue from continuing operations for the year

Finance costs

Estimated income tax expense for the year ended 30 June 2020 Interim dividends paid (ordinary shares)

Write off research and development costs

Share capital (1 million $1 shares)

Expenses from ordinary activities (excluding finance costs)

$180 000 $1 200 000 $49 000 $101 000 $40 000 $8 000 $1 000 000 $500 000

Required:

a) the statement of profit or loss for the year ended 30 June 2020.

b) statement of changes in equity for the year ended 30 June 2020.