Additional information:

On September 1, 2020, Green sold one of its segments (product line) to Best Industries for a gain (pre-tax) of $550,000. During the period January 1 to August 31, the discontinued segment incurred an operating loss (pre-tax) of $480,000. This loss is not included in any of the numbers shown above.

Required:

Prepare a multi-step statement of comprehensive income in good form for 2020. The income tax rate is 20%, and 20,000 common shares were outstanding all year.

The following selected accounts are from the adjusted trial balance of Green Company on December 31, 2020 (their year-end). Other information not found on the trial balance is also included. Green Company uses IFRS. - $1,100,000 800,000 1,900,000 290,000 350,000 34,000 1,100,000 Collections of credit sales...... Retained earnings, January 1, 2020. Sales. Selling and administrative expenses.. Casualty loss (pre-tax)....... Cash dividends declared on common stock.... Cost of goods sold ..... Loss resulting from calculation error on depreciation charge in 2018 (pre-tax) Other revenues Other expenses..... Loss from early extinguishment of debt (pre-tax). Gain from transactions in foreign currencies (pre-tax). Proceeds from sale of Green common shares....... 460,000 180,000 120,000 340,000 220,000 60,000