32 The following extracts from the trial balance have been taken from the accounting records of Duggan Co as at 30 June
20X8:
$’000 $’000
Convertible loan notes (note (iv)) 5000
Cost of sales 21700
Finance costs (note (iv)) 1240
Investment income 120
Operating expenses (notes (ii) and (v)) 13520
Retained earnings at 1 July 20X7 35400
Revenue (note (i)) 43200
Equity share capital ($1 shares) at 1 July 20X7 12200
Tax (note (iii)) 130
The following notes are relevant:
(i) Duggan Co entered i