Prepare the Statement of Profit or Loss and Other Comprehensive Income for the year ended 31st December 2019, assuming a 30% income tax rate.

Since no specific question was asked, I will prepare the Statement of Profit or Loss and Other Comprehensive Income for the year ended 31st December 2019, using the provided Adjusted Trial Balance. I will assume an income tax rate of 30%, consistent with the prior year's statement.

Statement of Profit or Loss and Other Comprehensive Income
For the period ended 31st December 2019

\begin{align*} Sales &&& K 200,000 \\ Less: Sales returns and allowances &&& K (15,000) \\ Net Sales &&& K 185,000 \\ Less: Cost of Goods Sold &&& K (75,000) \\ Gross Profit &&& K 110,000 \\ Less: Operating (non-manufacturing) expenses \\ \quad Selling \\ \quad \quad Advertising expenses & K 6,000 \\ \quad \quad Sales commission expense & K 1,500 \\ \quad \quad Sales wages expense & K 7,000 \\ \quad \quad Sales rent expense & K 5,000 \\ \quad \quad Depreciation expense, distribution MV & K 700 \\ \quad \quad Total selling expenses && K 20,200 \\ \quad General and administrative \\ \quad \quad Admin wages expense & K 12,000 \\ \quad \quad Admin rent expense & K 6,000 \\ \quad \quad Utilities expense & K 1