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The following information was taken from the records of Vega inc. for the year 2015 income tax applicable to income fram continuing operabions Fis119,000, income

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The following information was taken from the records of Vega inc. for the year 2015 income tax applicable to income fram continuing operabions Fis119,000, income tak applicable to loss on discontinued operatlons Rs25,500, and unrealized hoding gain on non-trading equity securities Rs15,000. Grading Ordinary shares eutstandins during 2015 were 100,000 . income before income tax Rs 385,000 Instruction Prepare the income statement showing net income sectien using ifgs formst (start from Income before income tax)

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