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Haliteck Corporation is based in Halifax. At the end of 20X4, the company s accounting records show the following items: A $100, 000 loss from

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Haliteck Corporation is based in Halifax. At the end of 20X4, the company s accounting records show the following items: A $100, 000 loss from hurricane damage. Total sales revenue of $2, 600, 000, including $400, 000 in the Decolite division, for which the company has a formal plan of sale. Interest expense on long-term debt of $65, 000. Increase in fair value of marketable securities of $55, 000. Operating expenses of $2, 100, 000, including depreciation and amortization of 5500, 000. Of the total expenses, 5390, 000 (including $75, 000 in depreciation and amortization) was incurred in the Decolite division. Haliteck Corporation wrote down tangible capital assets by $35, 000 during the year in order to reduce the Decolite divisions assets to their estimated recoverable amount. Haliteck has long-term debt that is denominated in U.S. dollars. Due to the weakening of the U.S. dollar during 20X4, the company has an unrealized gain of $20, 000. Haliteck has a subsidiary in France. The euro strengthened during the year, with the result that Norse had an unrealized gain of $15, 000 on its net investment in the subsidiary. Haliteck's income tax expense for 20X4 is $76, 000. This amount is net of a tax recovery) of $20 000 on the Decolite division and a $25, 000 tax benefit from hurricane damage. The"company had 34, 000 common shares outstanding at the beginning of the year; an additional 8, 000 were issued on March 31. Required: Prepare a continuous SCI

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