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The 31 December 20X2 year-end trial balance for Dynamics Ltd. a private company, showed the following account balances: Dr. Retained earning, 31 Deceber 20 (9,200,000) Bales revenue (10,200,000) Dividend incontron investments (70.000) Coat of sales 5,400.000 Tapalement en discontinued plant assete, held for ale before an 380,000 Cara selling and dexpenses 1,090,000 113,000 Reduction in prior years' earnings due to change in accounting polloy, cumulative to the 2003 before tax) 490,000 DLVL dans declared to be paid 15 JANUARY 2013 780,000 do to Bankruptcy of major client 150.000 Interested The company pays income tax at a rate of 20% Required Prepare an Income statement for the year ended 31 December 20x2. leiter answers in thousands, not in whole Canadian dollars DYNAMICS LTO Income Statement For the year ended on December, 20x2 in thousands of Canadian dollars Total revenue Total expense from continuing operations 150,00 00 8 Lose de to bankuptor lant The company pays income tax acanare of 20% 10 Required Prepare an income itement for the year ended at December 2012. her were in thond, not in whole Canadian dollat) DYNAMICS LTD Irene Bar For the year IX in insan of Canadian terreno eredeti mer 00 8 tamiration contrungsparater, borratas Best Operation Das 10 Naam Prepare a statement of retained earnings for the year ended 31 December 2012. nur answers in thousand, not in whole Canadiando DYNAMICS LTD best of the farine for the yawe nawet CA Balarai 11 aartie Read Gang Becember 2010 Plant 1 Dec 2010