The following summarized data was prepared from the ledger of Lau Ltd on

December 31, 2010:

Net sales revenue Operating expenses Other income Other comprehensive income		$1,700,000 120,000 20,000 10,000 CR
Cost of sales Finance expenses Income tax expense Other non-operating expenses		1,100,000 28,000 138,000 130,000

Your analysis reveals the following additional information that was not included in the above data.

On 15 May, company property was expropriated for an interstate highway. The settlement resulted in a non-operating gain of $90,000.

At the end of the last financial year (31 December 2009) the intangible asset Patent was impaired and should have been written down. That write down, for $15,000, was not and still has not been recorded. There has been no further impairment in 2010.

On 10 October 2010, the Board of Directors declared a $10,000 cash dividend and a further $15,000 share dividend. Both were distributed on October 31, 2010.

REQUIRED:

Prepare a Statement of Comprehensive Income, in good form, for the year ending 31 December 2010. Ignore GST.