Exercise 4-10 The following is information for Grouper Corp. for the year ended December 31, 2017: $76,000 25,000 50,000 Net sales revenue Unrealized gain on FV-OCI investments Interest income Cost of goods sold Selling expenses Administrative expenses Dividend revenue $1,160,000 42,000 5,000 696,000 58,000 48,000 17,000 Loss on inventory due to decline in net realizable value (NRV) Loss on sale of equipment Depreciation expense related to buildings omitted by mistake in 2016 Retained earnings at December 31, 2016 Loss-other (due to expropriation of land) Dividends declared 930,000 60,000 40,000 The effective tax rate is 20% on all items. Grouper prepares financial statements in accordance with IFRS. The FV-OCI investments trade on the stock exchange. Gains/losses on FV-OCI investments are recycled through net income. Prepare a multiple-step statement of comprehensive income for 2017, showing expenses by function. Ignore calculation of EPS. Grouper Corp. Statement of Comprehensive Income Grouper Corp. Statement of Comprehensive Income $ $ $ Prepare the retained earnings section of the statement of changes in equity for 2017. (List items that increase retained earnings first following the adjustment of prior years.) Grouper Corp. Excerpt from Statement of Changes in Equity $ $ Prepare the journal entry to record the depreciation expense omitted by mistake in 2016. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit