Amana Cement Corporation is a private corporation controlled by Amin Amana. The companys adjusted trial balance and other related data at 31 December 20X5 are given below. Although the company uses some obsolete terminology, the amounts are correct. The company wishes to begin reporting on the basis of IFRS in case Mr. Amana decides to take the company public in the future. AMANA CEMENT CORPORATION Adjusted Trial Balance 31 December 20X5 Debit Balance Accounts Cash $ 38,600 Land (used for building site) 129,000 Cost of goods sold 150,000 Short-term securities, at market (cost, $32,000) 42,000 Investment in U.S. subsidiary 100,000 Goodwill 120,000 Merchandise inventory 29,000 Office supplies inventory 2,000 Patent 7,000 Operating expenses 55,000 Income tax expense 17,500 Impairment of patent 7,500 Prepaid insurance 900 Building (at cost) 150,000 Land (held for speculation) 75,000 Translation loss on U.S. subsidiary, 31 December 20X4 12,000 Accrued interest receivable 300 Accounts receivable (trade) 22,700 Note receivable, 10% (long-term investment) 30,000 Subscriber lists (net) 22,000 Prepayments to pension fund in advance of expensing (long-term) 26,000 Dividends declared in 20X5, payable in 20X6 15,000 Correction of error from prior yearno income tax effect 15,000 Total: $ 1,066,500 Credit Balance Accounts Reserve for bad debts $ 1,100 Accounts payable (trade) 15,000 Revenues 275,000 20X5 translation gain on U.S. subsidiary 15,000 Deferred income tax 47,500 Note payable (short term) 12,000 Common shares, no par, 10,000 shares outstanding 170,000 Reserve for depreciation, building 90,000 Retained earnings, 1 January 20X5 192,500 Unrealized gain on hedges 10,000 Gain on new accounting policy 40,000 Accrued wages 2,100 Cash advance from customer 3,000 Accrued property taxes 800 Note payable (long term) 16,000 Rent revenue collected in advance 1,500 Bonds payable, 11% ($25,000 due 1 June 20X6) 175,000 Total: $ 1,066,500 Additional information (no accounting errors are involved): a. Merchandise inventory is based on FIFO, lower of cost or net realizable value. b. The patent is subjected to an annual impairment test. The impairment for 20X5 has already been recorded. c. Operating expenses as given include depreciation and interest expense, and revenues include interest and investment revenues. d. The cash advance from customer was for a special order that will not be completed and shipped until March 20X6; the sales price has not been definitely established because it is to be based on cost (no revenue should be recognized for 20X5). e. The unrealized gain on hedges is an item of other comprehensive income. Note: Goodwill, Subscriber lists and Patent are the intangible assets. They should be added together and reported as a single line. Required: 1. Prepare a statement of comprehensive income. Include EPS disclosures. (Input all amounts as positive values. Round your Earnings per share answer to 2 decimal places. Omit the "$" sign in your response.)