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Acrimony Ltd. has the following balances in its general ledger on 31 December 20X8 (in thousands of Canadian dollars): Debit Credit Retained earnings, 31 December

Acrimony Ltd. has the following balances in its general ledger on 31 December 20X8 (in thousands of Canadian dollars):

Debit Credit
Retained earnings, 31 December 20X7 $ 45,000
Sales revenue 23,000
Interest expense $ 830
Cost of sales 8,500
Accumulated other comprehensive income, 31 December 20X7 1,600
Dividends paid 2,500
Foreign currency gains and losses on 20X8 transactions 3,500
Income tax expense 1,370
Selling and administrative expense 3,900
Amortization on furniture and fixtures for 20X8 1,300
Write-off of obsolete inventory 580
Impairment of tangible capital assets 1,020
Additional contributed capital 19,000
Loss on redemption of long-term debt 720
Unrealized foreign currency translation loss on self-sustaining
U.S. subsidiary for 20X8, net of $149 income tax 571

Required: Prepare a statement of income and comprehensive income. (Enter answers in thousands, not in whole Canadian dollar.)

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