Ayayai decided to discontinue its entire wholesale division $($a major line of business$)$ and to keep its manufacturing division. On

September $15,$ it sold the wholesale division to Dylane Corp. During $2023,$ there were $500,000$ common shares outstanding all year.

Ayayai's tax rate is $20\%$ on operating income and all gains and losses $($use this rate where the tax provisions are not given$).$ Ayayai

prepares financial statements in accordance with IFRS.

Prepare a multiple$-$step statement of financial performance for the year ended December $31,2023,$ showing expenses by function.

Include calculation of EPS. $($List other revenues and gains before other expenses and losses. Round EPS answers to $2$ decimal places, e$.$g$.$

$52\mathrm{.}75.)$

Ayayai Corp.

Statement of Financial Performance

For the Year Ended December $31,2023$

Sales Revenue

Less

Cost of Goods Sold

Gross Profit $/($Loss$)$

Less

Selling and Administrative Expenses

Income from Operations

Other Revenues and Gains

Interest Income

Gain on Disposal of FV$-$NI Investments Other Expenses and Losses

Loss on Impairment of Goodwill

Loss from Flood Damage

Income from Continuing Operations before Income Tax

Income from Continuing Operations before Income TaxCurrent Attempt in Progress

Information for $2023$ follows for Ayayai Corp.:

Ayayai decided to discontinue its entire wholesale division $($a major line of business$)$ and to keep its manufacturing division. On

September $15,$ it sold the wholesale division to Dylane Corp. During $2023,$ there were $500,000$ common shares outstanding all year.

Ayayai's tax rate is $20\%$ on operating income and all gains and losses $($use this rate where the tax provisions are not given$).$ Ayayai

prenares financial statements in accordance with IFRS.