AZZY Ltd. issued preferred shares as part of a transfer of ownership under specified sections of the Income Tax Act. The company issued 400,300 shares, for a nominal dollar amount of $1 per share. The shares are retractable at $15 per share, anytime, at the holder's option. Dividends of $20,300 in total were paid on the dividends during the year. AZZY has net earnings before tax of $753,000 before the recognition of the dividend, total liabilities of $2,303,000, and total shareholders' equity of $5,803,000 before the recognition of the preferred share issue. Required: 1. Assuming AZZY follows IFRS, what is the revised net earnings before tax, total liabilities, and shareholders' equity after these transactions? Revised net earnings before taxes Revised total liabilities Revised total equity 2. Assuming AZZY follows ASPE, what is the revised net earnings before tax, total liabilities, and shareholders' equity after these transactions? Revised net earnings before taxes Revised total liabilities Revised total equity