RUSCELLO LTD Income Statement (Internal) for period ended 30 June 2019
Income Interest on investments Less: Selling expenses Advertising Sales salaries Commissions Less: Administrative expenses Rates Insurance Administrative expenses Other administrative expenses Less: Finance expenses Interest expense Profit before income tax Less: Income tax expense Profit	$   250 000 1 750 000 308 000 16 800 135 000 2 840 000 612 600 1 087 000	$2 308 000 3 604 400 1 087 000	$8 000 500 123 000 8 123 500 6 999 400 1 124 100   337 230 $ 786 870

In addition to the above information assume that Ruscello Ltd revalued its land and buildings upward by $80 000 resulting in an increase in its revaluation surplus. There was nil tax effect from this revaluation.

Required

Prepare a statement of profit or loss and other comprehensive income for Ruscello Ltd in accordance with the requirements of IAS 1/AASB 101.