Below is a list of accounts and balances for FlipFlop Inc. for the year ending August $31,2023.$ All balances are in thousands of dollars. FlipFlop Inc. follows IFRS. Assume a tax rate of $25\%.$ Exclude the presentation of earnings per share for this question.

Account Title Balance

Accounts Payable $$8,700$

Accounts Receivable $$13,400$

Accumulated Depreciation $$1,100$

Advertising Expense $$1,400$

Cash $$20,200$

Cash Dividends $$3,700$

Common Shares $$14,700$

Cost of Goods Sold $$22,480$

Depreciation Expense$-$Office Equipment $$60$

Depreciation Expense$-$Store Equipment $$800$

Gain on Foreign Currency Translation Adjustments $$200$

Gain on Sale of Discontinued Operations $$1,800$

Income from Operating Discontinued Operations $$7,500$

Interest Expense $$1,000$

Merchandise Inventory $$19,600$

Miscellaneous Administrative Expenses $$430$

Notes Payable $$20,000$

Office Salaries Expense $$1,900$

Prepaid Insurance $$1,200$

Property, Plant and Equipment $$27,100$

Rent Expense$-$Office $$450$

Rent Expense$-$Retail $$1,160$

Retained Earnings $($beginning balance$)$ $$15,275$

Sales Salaries Expense $$2,000$

Sales Discounts $$1,000$

Sales Returns and Allowances $$720$

Sales Revenue $$56,200$

Unearned Revenue $$1,200$

Notes:

Unlimited common shares are authorized and $2,900$ have been issued and are currently outstanding.

The notes payable is payable over $5$ years and $$4,000$ will be paid by August $31,2024.$

Do not enter dollar signs or commas in the input boxes.

Round all answers to the nearest whole number.

Do not use the negative sign for any values.

a$)$ Prepare a statement of comprehensive income by function for the year ended August $31,2023.$

FlipFlop Inc.

Statement of Comprehensive Income

For the Year Ended August $31,2023$

Sales Revenue $($net$)$ Answer

$33720$

Cost of Goods Sold Answer

$22480$

Gross Profit Answer

Selling Expenses Answer

Administrative Expenses Answer

Operating Profit Answer

Finance Costs Answer

Profit before Income Tax Answer

Income Tax Expense Answer

Profit for the Year from Continuing Operations Answer

Profit for the Year from Discontinued Operations Answer

Profit for the Year Answer

Other Comprehensive Income, Net of Tax

Gain on Foreign Currency Translation Adjustments $($net of tax$)$ Answer

Total Comprehensive Income Answer