Statement of profit or loss and other comprehensive income and retained earnings account The information below relates to Lincoln Town Ltd for the year ended 30 June 2025.

Required

(a) Prepare a statement of profit or loss and other comprehensive income for external reporting and prepare the Retained Earnings T account for the year ended 30 June 2025.

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1. L Profit before tax (This figure is before adjustments for points 4 and 5 are made.) Retained earnings 1 July 2024 $ 435 000 26 250 23456 2. 3. Revenues for the year 4. Interest expense 5. Impairment of goodwill 6. Transfer to general reserve 7. Estimated income tax expense for year ended 30 June 2025 8. Interim dividend paid Preference Ordinary 9. Final dividend declared Preference Ordinary 2 000 000 68 500 23 000 7 500 103 500 24 000 30 000 24 000 60 000