Reserves, dividends, statement of profit or loss and other comprehensive income, statement of changes in equity The

Reserves, dividends, statement of profit or loss and other comprehensive income, statement of changes in equity

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The following information relates to Ruby Red Ltd at 30 June 2025. Share capital 50 000 10% cumulative preference shares issued at $2 each 200 000 ordinary shares issued at $1 each General reserve (balance 1 July 2024) Retained earnings (balance 1 July 2024) Revenue Profit before income tax (and items listed below) Interest expense 1. Paid damages on lawsuit Gain on sale of property, plant and equipment Additional information During the year ended 30 June 2025: $ 100 000 200 000 55 000 50 000 1 550 000 190 000 23 000 50 000 115 000 directors declared and paid dividends of 5% on the preference shares and 10c per share interim on ordinary shares 2. assume the tax rate is 35% for estimating income tax expense.