Equity component of convertible debenturesCommon sharesAccumulated other comprehensive incomeRetained earningsTotalAs at December $31,2019$$ $3,542$$ $115,728$$ $3,378$$ $793,116$$ $915,764$Comprehensive income Net income for the year$163,250163,250$Other comprehensive income for the year$5,3215,321$Total comprehensive income$5,321163,250168,571$Transactions with shareholders Dividends declared$(69,977)(69,977)$Management share purchase plan $[$note $15]2,4992,499$Convertible debentures $[$note $14](3,511)51,85948,348$Treasury shares $[$note $16](6)(59)(65)$Share repurchase commitment $[$note $16](159)(841)(1,000)$Repurchase of common shares $[$note $16](5,252)(42,885)(48,137)$Total transactions with shareholders$(3,511)48,941(113,762)(68,332)$As at December $31,2020$$$31$$ $164,669$$ $8,699$$ $842,604$$$1,016,003$As at December $31,2018$$ $3,546$$ $111,956$$ $(1,539)$$ $743,399$$ $857,362$Comprehensive income Net income for the year$106,929106,929$Other comprehensive income for the year$4,9174,917$Total comprehensive income$4,917106,929111,846$Transactions with shareholdersDividends declared$(43,445)(43,445)$Management share purchase plan $[$note $15]5,0635,063$Convertible debentures $[$note $14](4)10096$Share repurchase commitment $[$note $16](443)(4,557)(5,000)$Repurchase of common shares $[$note $16](948)(9,210)(10,158)$Total transactions with shareholders$(4)3,772(57,212)(53,444)$As at December $31,2019$$ $3,542$$ $115,728$$ $3,378$$ $793,116$$ $915,764$ In the questions below, the year $2020$ refers to Leons fiscal year that ends December $31,2020,$ and the year $2019$ refers to the prior fiscal year ended December $31,2019.$RequiredDetermine the amount of dividends that Leons declared in $2020.$ On which financial statement$($s$)$ did you find this information?Find the following amounts in the statements:Revenue in $2020$Cost of sales in $2020$Gross profit $($as a dollar amount and as a percentage$)$ in $2020$Selling, general, and administrative expenses in $2020$Income tax expense in $2020$Net income in $2019$Trade receivables at the end of $2019$Inventories at the end of $2020$Trade and other payables at the beginning of the $2020$ fiscal yearRetained earnings at the end of $2020$Loans and borrowings at the beginning of $2020($include the current portion$)$Cash flows provided by operating activities in $2020$Cash payments to purchase property, plant, and equipment in $2020$Cash payments for dividends in $2020$Cash flows generated by $($used in$)$ financing activities in $2019$Cash payments to repurchase common shares in $2020$