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Armad Inc.'s revenue and expense accounts contained the following amounts for the period ending September 30, 2016. Prepare statement of comprehensive income under IFRS. Assume

Armad Inc.'s revenue and expense accounts contained the following amounts for the period ending September 30, 2016. Prepare statement of comprehensive income under IFRS. Assume the tax rate is 31%. Armad had 348,000 common shares outstanding during the year and does not have any preferred shares.

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Armed Inc. Statement of Comprehensive Income For the period ending September 30, 2016 Continuing Operations Sales Revenue, Net 2244000 Cost of Goods Sold 1009800 Gross Profit 1234200 Administrative Expense 85000 Distribution Expense 215000 130000 Net Income before Tax Less: Income Tax Expense Income from Continuing Operations Discontinued Operations Income from Discontinued Operations, Net of $36,270 of Income Tax Expense Total Comprehensive Income Earnings Per Share Basic and DilutedAdministrative Expense $85,000 Cost of Goods Sold $1,009,800 Distribution Expense $215,000 Operating Income from Discontinued Operations $117,000 Sales Revenue, Net $2,244,000 Do not enter dollar signs or commas in the input boxes. Round EPS to 2 decimal places. Round all other answers to the nearest whole number. Do not use the negative sign for any values

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