EXHIBIT 5.10 IFRS Income Statement (Based on Condensed Income Ctotamnot in Euhikit 50 and Ennennta in Euhihit 571 Total Operating Expenses \begin{tabular}{l} (91,000) \\ \hline \end{tabular} Operating Profit $78,800 Key performance measure (2,500) Required under IFRS Finance Costs Interest Income Income from Associates Other Revenues/Gains and Expensesi Losses Profit before Tax Income Tax Expense Profit from Continuing Operations from earthquake of $5,850. 5-7. Single-Step Statement of Net Income. Carr Corporation provided the following partial-trial balance for the current year. Prepare a single-step income statement for the year ended December 31 . Carr is subject to a 40% income tax rate. EXHIBIT 5.10 IFRS Income Statement (Based on Condensed Income Ctotamnot in Euhikit 50 and Ennennta in Euhihit 571 Total Operating Expenses \begin{tabular}{l} (91,000) \\ \hline \end{tabular} Operating Profit $78,800 Key performance measure (2,500) Required under IFRS Finance Costs Interest Income Income from Associates Other Revenues/Gains and Expensesi Losses Profit before Tax Income Tax Expense Profit from Continuing Operations from earthquake of $5,850. 5-7. Single-Step Statement of Net Income. Carr Corporation provided the following partial-trial balance for the current year. Prepare a single-step income statement for the year ended December 31 . Carr is subject to a 40% income tax rate