Urgent please

Part A [15 marks] The general ledger trial balance of Paradiso Ltd, a medical manufacturing and research company, includes the following accounts at 30 June 2022. Sales revenue Interest income Gain on sale of plant Rental income Royalty income Other revenue Cost of sales Interest on borrowings Sundry borrowing costs Research expense Advertising expense Sales staff salaries Amortisation of patents Freight out Shipping supplies Depreciation on sales equipment Administrative salaries Legal and professional fees Office rent expense Goodwill Insurance expense Investment Depreciation of office equipment Stationery and supplies Available for sale security Miscellaneous expenses Income tax expense $ 2 600 000 4 000 52 000 4000 20 000 2 000 1 640 000 66 000 2 000 102 000 50 000 194 000 14 000 64 000 32 000 10 000 144 000 26 000 60 000 15 000 28 000 22 000 32 000 10 000 12 000 4 000 62 000 . Additional information Land was revalued upward by $200 000 during the year ended 30 June 2022. The related tax was $60 000. Paradiso Ltd uses the single statement format for the statement of profit or loss and other comprehensive income. . Required: Prepare the statement of profit or loss and other comprehensive income of Paradiso Ltd for the year ended 30 June 2022 (state the expenses by function). Clearly show all workings if expenses/revenues are combined. Part B [5 marks) Fiji airways is the main flight service provider for Fiji. The following events took place after the end of the reporting period, 30 June 2022, but before the date the accounts were authorized, 15 September 2022. (a) On 17 July 2022, Fiji Airways had its main flight cancelled due to a suspected Covid case. Insurance will cover the health and safety costs of the passengers but lost sales representing $500 000 in profits are not covered. (b) On 19 July 2022, Fiji Airways received advanced bookings with advance payments for its summer flights. Due to spike in the COVID 19 cases, all flights were cancelled and the aircrafts grounded on 28 July 2022. Fiji Airways will make a full refund to its customers of $525 000 which had been paid in advance on 29 June 2022. (c) On 29 August 2022, a lawsuit was lodged against Fiji Airways by the employees and the unions for wrongful dismissal in the 17 July economic downturn of the economy, alleging negligence, and claiming $4 million in damages. No date has yet been set for the court hearing. (d) On 1 September 2022 the directors of Fiji Airways resolved to issue to the public 9 000 5% debentures of $10 each, payable $5 on application and $5 on allotment for recovery of its airline income. Required: Classify the above events into adjusting and non-adjusting events after the end of the reporting period, justifying your choice