Below is a list of accounts and balances for Sandals Inc. for the year ending April 30, 2020. All balances are in thousand Inc. follows IFRS. Assume a tax rate of 15%. Exclude the presentation of earnings per share for this question. Account Title Balance Accounts Payable $9,600 Accounts Receivable $12.400 Accumulated Depreciation $1,500 Advertising Expense $1,200 Cash $21,000 Cash Dividends 3.300 Common Shares $12,000 Cost of Goods Sold $23.600 Depreciation Expense-Office Equipment $60 Depreciation Expense-Store Equipment $800 Gain on Foreign Currency Translation Adjustments $240 Gain on Sale of Discontinued Operations $1,600 Income from Operating Discontinued Operations $7,500 Interest Expense $1,150 Merchandise Inventory $19.800 Miscellaneous Administrative Expenses $550 Notes Payable $23.000 Office Salaries Expense $1,100 Prepaid Insurance $1,600 M Cash Dividends $3.300 Common Shares $12,000 Cost of Goods Sold $23,600 Depreciation Expense-Office Equipment $60 Depreciation Expense-Store Equipment $800 Gain on Foreign Currency Translation Adjustments $240 Gain on Sale of Discontinued Operations $1.600 Income from Operating Discontinued Operations $7,500 Interest Expense $1.150 Merchandise Inventory $19.800 Miscellaneous Administrative Expenses $550 Notes Payable $23,000 Office Salanes Expense $1,100 Prepaid Insurance $1,600 Property, Plant and Equipment $29,600 Rent Expense-Office $520 Rent Expense-Retail $1,050 Retained Earnings (beginning balance) $11.394 Sales Salaries Expense $2.600 Sales Discounts $1,200 Sales Returns and Allowances $620 Sales Revenue $59.000 Unearned Revenue $1,400 DELL ained Earnings (beginning balance) $11.394 es Salaries Expense $2.600 es Discounts $1,200 es Returns and Allowances $620 es Revenue eamed Revenue $59.000 $1,400 cs: mited common shares are authorized and 2.650 have been issued and are currently outstanding notes payable is payable over 5 years and $4,600-will be paid by April 30, 2021 ot enter dollar signs or commas in the input boxes nd all answers to the nearest whole number ot use the negative sign for any values. epare a statement of comprehensive income by function for the year ended April 30, 2020. Revenue (net) of Goods Sold Sandals Inc. Statement of Comprehensive Income For the Year Ended April 30, 2020 Profit Top Inc. did not issue any new common shares in the fiscal year ended Sandals Inc. Statement of Changed in Equity For the Year Ended April 30, 2020 Common Shares Retained Earnings Reserves Opening Balance Profit for the Year/Net Income Other Comprehensive Income Foreign Currency Translation Adjustments Total Comprehensive Income Transactions with Owners Dividends on Common Shares Total Transactions with Owners Closing Balance I c) Prepare a statement of financial position as at April 30, 2020. Sandals Inc. DELL Sandals Inc. Statement of Financial Position As at April 30, 2020 Assets Long-Term Assets Property, Plant and Equipment (net) Total Long-Term Assets Current Assets Prepaid Insurance Merchandise Inventory Accounts Receivable Cash Total Current Assets Total Assets Equity Attributable to Owners Common Shares, unlimited authorized. Issued Retained Earnings DELL