Below are selected accounts and balances from the adjusted trial balance for EastCo for the year ended August 31, 2020: Account Administrative expenses.. Balance Additional information: 43,000 Cost of goods sold 1,320,000 1. All accounts have normal balances. Dividends declared (common shares). 88,800 Gain on sale of discontinued "JJ" division Interest income 50,000 105,000 18,000 Dividends declared (preferred shares).. Gain on sale of FVNI bonds. 285,000 2. EastCo decided to discontinue the "JJ" division operations. A formal plan to dispose of "JJ" division has been completed. There are no plans to dispose of "DO" division at this time. 3. During 2020, there were 400,000 common shares outstanding with no shares activity for 2020. 4. EastCo's tax rate is 20%. 5. EastCo is publicly traded and follows IFRS. Loss from discontinued operations, "JJ" division 205,000 Loss from warehouse fire 115,000 Loss on disposal of equipment from "DO" division 82,000 Loss on impairment of patent... 17,000 Retained earnings, September 1, 2019 410,000 Sales Selling expenses... Unrealized gain on FVOCI investments. 2,400,000 155,000 21,000 a) Prepare a multiple-step statement of income for the year ended August 31, 2020, reporting expenses by function. Please make sure your final answer(s) are accurate to 2 decimal places. EastCo Statement of Income For the Year Ended August 31, 2020 c) Prepare a combined multiple-step statement of income and statement of comprehensive income reporting expenses by function. Please make sure your final answer(s) are accurate to 2 decimal places. EastCo Statement of Income and Comprehensive Income For the Year Ended August 31, 2020 x +