Information for 2014 follows for Rolling Thunder Corp.

Rolling Thunder decided to discontinue its entire wholesale division (a major line of business) and to keep its manufacturing division. On September 15, it sold the wholesale division to Dylane Corp. During 2014, there were 800,000 common shares outstanding all year. Rolling Thunder's tax rate is 2 5% on operating income and all gains and losses (use this rate where the tax provisions are not given). Rolling Thunder prepares financial statements in accordance with IFRS, and accounts for its investments in accordance with IAS 39.
Instructions
Prepare a multiple-step statement of comprehensive income showing expenses by function. Include calculation of EPS.

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Rotained oarnings, January 1, 2014 Sales revenue Cost of goods sold Interest income Selling and administrative experses Unrealized gain on fair value-OCi investments Loss on impairment of goodwill (not tak deductible) Income tax on continuing operations for 2014 (assume this is correct) Assessment for additional ncome tax for 2012 (normal, recurring) Gain on sale of fair value-net income investments (normal, recurring) Loss-other (due to flood damage) Loss from disposal of discontinued division (net of tax of $87,500) Loss from operation of discontinued division Inet of tax of $55,000) Dividends declared on common shares Dividends declared on preferred shares 1,980,000 36,500,000 28,500,000 170,000 4,700,000 320,000 520,000 797,500 500,000 110,000 390,000 262,500 165,000 250,000 70,000