The following listed below were extracted from the records of Sulphur Co on 31December 2018 Revenue Cost of sales Delivery vehicle Factory plant and equipment Land and building Administrative expenses Rent received Investments Investment income Trade receivables Trade payables Distribution costs $ 528,770 361,560 19,230 24,000 350,000 18,710 12,000 30,000 1,500 15,230 35240 44,280 Cash in hand Bank overdraft Ordinary shares ($1 each) Retained earnings 180 4,820 150,000 160,030 The following transactions and events occurred on 31 December 2018, after the above balances had been extracted: 1. Inventory was valued at $29,170 at the close of business. (Adjusted in Cost of sales) 2. The company's buildings were valued by a chartered surveyor at $390,000 and the new value is to be included in the statement of financial position. 3. Income tax for the financial year ended 31 December was estimated at $38,100. Required: 1. Statement of profit or loss and other comprehensive income for the year ended 31 December 2018 2. Statement of Financial position as at 31 December 2018.