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1) a) Prepare a classified Income statement for the year ended 30 June 2019. As part of the income statement :- a) Calculate Earnings before Interest and tax (EBIT) for 2019. b). Australian communication distributed (11,500,000,000) shares to its shareholders. Calculate Earnings per share for 2019. c). Calculate dividend payable (per share) for 2019 if company decides to pay 25 % of profit. Note: round to the nearest dollar if required. 2) Prepare a classified Balance sheet as at 30 June 2019. Australian communication Ltd has provided some of the financial information for year ending June 2018 and 2017 respectively which may help you to answer your next question.

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