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Current Attempt in Progress Information for 2020 follows for Bramble Corp.: $2,020,000 36,800,000 Retained earnings, January 1, 2020 Sales revenue Cost of goods sold Interest
Current Attempt in Progress Information for 2020 follows for Bramble Corp.: $2,020,000 36,800,000 Retained earnings, January 1, 2020 Sales revenue Cost of goods sold Interest income 28,734,000 162,000 4,650,000 281,000 494,000 661,400 573,000 Selling and administrative expenses Unrealized gain on FV-OCl equity investments (gains/losses not recycled) Loss on impairment of goodwill Income tax on continuing operations for 2020 (assume this is correct) Assessment for additional income tax for 2018 (normal, recurring, and not caused by an error) Gain on disposal of FV-Nl investments Loss from flood damage Loss on disposal of discontinued division (net of tax of $66,000) Loss from operation of discontinued division (net of tax of $40,250) Dividends declared on common shares Dividends declared on preferred shares 103,000 374,000 264.000 161.000 286,500 60,600 Bramble decided to discontinue its entire wholesale division (a major line of business) and to keep its manufacturing division. On September 15, it sold the wholesale division to Dylane Corp. During 2020, there were 500,000 common shares outstanding all year. Bramble's tax rate is 20% on operating income and all gains and losses (use this rate where the tax provisions are not given). Bramble prepares financial statements in accordance with IFRS. Prepare a multiple-step statement of financial performance for the year ended December 31, 2020, showing expenses by function. Include calculation of EPS. (Round EPS answers to 2 decimal places, e.g. 52.75.) Brombie Corp Statement of Financial Performance es that will not be ready to notice areas $ Loss from Operations, Net of Income Tax Recovery Gain on disposal of FV-N1 Investments Loss on Disposal, Net of Income Tax Recovery Sales Revenue Income Tax Expenses For the current year Gain on Impairment of Goodwill Gain from Operations, Net of Income Tax Recovery Loss on Impairment of Goodwill Tax Assessment Related to 2018 Cost of Goods Sold Loss from Flood Damage Gain from Disposal, Net of Income Tax Recovery Selling and Administrative Expenses Unrealized Gain on FV-OCI Investments, Net of Income Tax Interest Income Income from Operations Other Revenues and Gains Discontinued Operations Other Expenses and Losses Other Comprehensive Income Income Tax Expenses Income from Continuing Operations Comprehensive Income Earnings per Share Net Income (Loss) O Income from Continuing Operations before Income Tax Gross Profit/(Loss)
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