The following information was obtained from the financial records of Roger 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 $90 000

Sales revenue from continuing operations for the year $600 000

Finance costs $20 000

Estimated income tax expense for the year ended 30 June 2020 $112 500

Interim dividends paid (ordinary shares) $100 000

Write off research and development costs $5 000

Share capital (1 million $2 shares) $2 000 000 Expenses from ordinary activities (excluding finance costs) $200 000

Required: a) Prepare the statement of profit or loss for the year ended 30 June 2020. (4 marks) b) Prepare statement of changes in equity for the year ended 30 June 2020. (3 marks)