Arabica's follows IFRS and their tax rate is 25%. There are no other income/expense Items The trial balance at December 31, 2022 shows common shares of $100,000, non-cumulative preferred shares of $80,000, contributed surplus of $20,000, retained earnings of $240,000, and AOCI of $65,000. During the year preferred shares were issued for $80,000, and common shares of $30,000 were repurchased for $45,000 cash. A dividend of $10,000 was declared on preferred shares. No dividends were declared on common shares 6 Required (a, b, and c) 7 (4) (7 marks) Continue Arabica's Statement of Financial Performance from Operating Income for the year ended December 31, 2022. 8 9 1 2 14 15 "B 7 9 Arabica Co Statement of Financial Performance-partial For the year ended December 31, 2022 Operating income 213,000 NO #2 3 34 5 (b) 16 17 88 39 0 (c) $1 2 marks) Calculate earnings per share. The share repurchase took place on April 1. 30,000 common shares were repurchased. 100,000 common shares were outstanding at the end of 2022. (11 marks) Prepare Arabica's Statement of Changes in Equity for the year ended December 31, 2022.