Aylmer Industries Inc. (Aylmer) has been in business since 2017.

Since Aylmer is a publicly traded company, it follows IFRS.

The following is the Adjusted Trial Balance for 2021:

Cash & Equivalents	4,011,113
Accounts Receivable - Trade	1,253,760
Stock Subscription Receivable	20,000
Interest Receivable
Allowance for Doubtful Accounts		52,600
Inventory	218,900
Prepaid Insurance	100,000
Land	1,115,760
Building	2,934,240
Building - Accumulated Depreciation		1,282,233
Equipment	398,015
Equipment - Accumulated Depreciation		106,092
Right of Use Asset	119,184
Right of Use Asset - Accumulated Depreciation		19,864
Trademark (Intangible Asset)	300,000
Trademark (Intangible) - Accumulated Amortization		60,000
Patent (Intangible Asset)	100,000
Patent (Intangible) - Accumulated Amortization		50,000
Goodwill	975,000
Accounts Payable		389,669
HST Payable		72,010
Wages Payable		99,500
Vacation Pay Payable		61,803
Bonus Payable		124,485
Dividends Payable - Preferred		125,000
Dividends Payable - Common		368,000
Interest Payable		1,650
Interest Payable - Bonds
Unearned Sales Revenue		142,525
Unearned Warranty Revenue		474,945
Income Tax Payable		104,000
Deferred Tax Liability		5,200
Litigation Liability		600,000
Pension Liability (Defined Contribution)		42,655
Net Defined Pension Asset/Liability (Defined Benefit)		61,278
Notes Payable		275,000
Lease Liability		96,444
Bonds Payable - Series 1		15,258
Bonds Payable - Series 2		2,520,444
Bonds Payable - Series 3		825,000
Bank Loan
Preferred Shares		500,000
Common Stock		1,706,250
Common Stock Subscribed		40,000
Retained Earnings		825,597
Contributed Surplus - Conversion Rights
Contributed Surplus - Stock Options	206,250
Sales Revenue		4,567,175
Warranty Revenue		392,080
Cost of Goods Sold	1,515,900
Equipment Rental (other expenses)	120,000
Equipment Repairs (other expenses)	117,216
Wage Expense	801,600
Vacation Pay Expense	61,803
Bonus Expense	124,485
Compensation Expense
Payroll Tax Expense	85,630
Pension Expense (Defined Contribution & Benefit)	107,683
Interest Expense	164,024
Utilities	53,615
Income tax expense	109,200
Deferred Tax Expense
Insurance Expense	120,000
Bad Debt Expense	26,985
Commission Expense
Advertising Expense	6,491
Administration Expenses	84,168
Litigation Expense	600,000
Loss on Redemption of Bonds	7,514
Amortization Expense (other expense)	114,714
Depreciation Expense (other expenses)	33,506
	$ 16,006,757	$ 16,006,756

Required: Create the Income Statement for 2021 (add rows as needed)

Aylmer Industries Inc.

Income Statement

For the Year Ended December 31, 2021