es Fetzer Corporation provided the following partial-trial balance for the current year. (Click the icon to view the partial-trial balance.) Prepare a statement of net income and additional disclosures that would meet IFRS requirements. In 40% income tax rate. Use the condensed format. Partial trial balance Begin by preparing a statement of net income that meets IFRS requirements. Indicate items that IFR amounts to the nearest whole dollar. Select an "X" in the "Required Disclosure" column if the disclos Fetzer Corporation Statement of Profit and Loss For the Year Ended December 31 Required Disclosure Sales Less: Cost of Goods Sold Gross Profit Operating Expenses: General and Administrative Expenses Other Revenues and Expenses Income Tax Expense Net Profit Get more help Fetzer Corporation Trial Balance (Selected Accounts) For the Year Ended December 31 Account Dividends Debit Credit $ 1,340 Sales $ 210,000 Dividend Income 580 Interest Income 1,400 Gain on Disposal of Plant Assets 1,200 Unrealized Gain on Trading Investments 1,700 Cost of Goods Sold 40,000 Office Supplies Expense 4,000 Sales Salaries Expense 3,300 Selling Expenses 13,000 Accounting and Legal Fees-General Expense 850 Advertising Expense 4,300 Office Salaries Expense 6,500 Depreciation Expense-General Expense 9,200 Interest Expense 2,400 Loss on Asset Impairment 2,300 Print Done - X