G Shoes Ltd. (GSL) is an integrated manufacturer and retailer of moderately priced highfashion footwear, leather goods, and accessories. GSL is a public company listed on the Toronto Stock Exchange. GSL has stores in over 180 major Canadian shopping malls, and operates over 50 "boutiques" in larger retail stores. Until the current year, GSL had three retail stores in the United States. In general, operating results in \(20 X 9\) have been disappointing, with lower same-store sales trends and higher costs across the board.

In particular, the company is discussing with the auditor whether the closure of the three U.S. retail stores, which occurred in March 20X9, can be accounted for as a discontinued operation. Company management has asked that any quantitative analysis reflect two alternatives-treating the closure as an unusual item, and then as a discontinued operation. Draft financial statements reflect the unusual item treatment. In addition, no accounting recognition has been given to stock options outstanding or granted during the year, as valuation estimates were not complete when the draft financial statements were prepared. This information has recently been provided. Finally, EPS calculations for 20X9 have not yet been made.

Required:
Analyze the accounting issues as identified, and prepare revised draft statement of comprehensive income, and EPS calculations.