The general ledger trial balance of Emily Ltd includes the following accounts at December 31, 2020: Sales revenue $975,000 Interest income 20,000 Share of profit of associates accounted for using the equity method 15,000 Gain on sale of securities investments 10,000 Decrease in inventories of finished goods 25,000 Raw materials and consumables used 350,000 Employee benefit expenses 150,000 Depreciation of property, plant and equipment 45,000 Impairment loss on property 80,000 Finance costs 35,000 Other expenses 45,000 Income tax expense 75,000 Additional information: Securities investments are revalued regularly, with changes in fair value recognised in other comprehensive income and accumulated in equity in the "Investments revaluation reserve". Movements in the "Investments revaluation reserve" during the year ended December 31, 2020 comprised: (1) gross revaluation increases recognised $44,000 (related tax effect of $14,000) (2) gross reclassifications on sale of securities investments $10,000 gain (related tax effect of $3,000). Emily Ltd uses the single statement format for the statement of profit or loss and other comprehensive income. Emily Ltd presents an analysis of expenses by nature in the statement of profit or loss and other comprehensive income. Required: Prepare the statement of profit or loss and other comprehensive income of Emily Ltd for the year ended December 31, 2020 in accordance with IASI (state all amounts in thousands)