How to solve this big question? Especially Im wondering where should I put for discontinued operations under multiple step income statement. And how requirement of prepare income statement differ under ASPE

QUESTION 2 17 MARKS -30 MINUTES Income statement information for Hawk Garage Inc. (HGD, a public company traded on the Toronto Stock Exchange, for the year ended December 31,2017 is as follows General & Admin Expenses Freight-in $16,000 15,000 20,000 130,000 11,000 Salaries and wages expense $38,000 Purchase discounts Depreciation exp-building 30.500 Dividend revenue Other supplies expense Inventory (Ending) Loss-Other due to flood damage Gain on sale of equipment Purchases 8.200 Inventory (beginning) 142,000 Sales returns and allowances 2400 Service Expenses 5.400 Salaries and Wages 700,000 Depreciation-garage equipment 987000 Garage supplies expense 65,000 17,000 6,000 36,000 Sales revenue Interest Expense HGI had 200,000 common shares outstanding for all of 2017 Required 8,000 Discontinued Operations Prepare a multi-step income statement for 2017 showing expenses by function with a 25% income tax rate (15 Marks) Discuss how the requirements of preparing an income statement would differ under ASPE (2 Marks) a) b)