Reference no: EM132806954

Question - Melbourne Ltd Statement of Comprehensive Income for reporting period ended 30 June 2016

Revenues from ordinary activities $100,000

Expenses from ordinary activities (excluding borrowing costs expense) * $93,000

Finance costs $1,000

Profit from ordinary activities before income tax expense $6,000

Income tax expense relating to ordinary activities $4,000

Profit after tax $2,000

* Expenses from ordinary activities included:

Cost of goods sold $55,000

Wages and salaries $25,000

Rent $4,000

Power and light $1,000

Advertising $3,000

Depreciation $5,000

Required - Prepare value added statement for Melbourne Limited at 30/06/2016.