CLO 2.1 (S1, S2) (5 Marks) Apply IFRS concept and prepare comprehensive income statement and statement of retained earnings Tsui Corporation has: Retained Earnings, January 1, 2015 $675,000 Net loss during 2015 was 40,000 Cash dividends declared and paid during 2015 totaled 7,000 Unrealized gain on stocks 32,000 Unrealized Loss on Bonds 13,000 o Prepare a retained earnings statement for the year ended December 31, 2015. TSUI CORP. Retained Earnings Statement For the Year Ended December 31, 2015 Retained Earnings, Jan. 1. 675,000 Retained Earnings, Dec 31, 2015