QUESTION 2 30 marks DaJen Ltd prepared a draft statement of profit and loss (P/L) for the year ended 30 June 2019 which showed a profit before tax of $24 420. The P/L included the following items of income and expense: Government grant (exempt from tax) 5 000 Proceeds on sale of plant 23 000 Bad debts expense 8 100 Depreciation expense - plant 14 000 Insurance expense 12 900 Long-service leave expense 14 500 Impairment of goodwill 11 100 Carrying amount of plant sold 20 000