IAS 1

The following is an extract of the trial balance of Maxwell Ltd at year end 31 December 2016.
Dr
$ Cr
$
Revenue 1 000 000
Cost of sales 450 000
Cost of distribution 120 000
Cost of administration 80 000
Interest expense 100 000
Tax expense 70 000

Other comprehensive income included one item: 170 000 0n revaluation of a machine (net tax)
Required:
Prepare the statement of comprehensive income for the year ended 31 December 2016 assuming
a) Maxwell Ltd uses the single statement layout
b) Maxwell Ltd uses the two-statement layout