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		$40,000
Sales revenue		18,000
Interest expense	780
Cost of sales	8,000
Accumulated other comprehensive income,31 December 20X7		1,350
Dividends paid	2,000
Foreign currency gains and losses on 20X8 transactions		3,000
Income tax expense	1,120
Selling and administrative expense	3,400
Amortization on furniture and fixture for 20X8	1,050
Write-off obsolete inventory	530
Impairment of tangible capital assets	970
Additional contributed capital		18,000
Loss on redemption of long term debt	670
Unrealized foreign currency translation loss on the self-sustaining US. subsidiary for 20X8. net of $124 income tax	496

Prepare in good form,a statement of income and comprehensive income.Use a continuous format