Information for 2019 follows for Forest Glen Corporation:

Retained earnings, January 1, 2019..............................................................$ 1,980,000

Sales revenue.....................................................................................................35,000,000

Cost of goods sold..............................................................................................29,000,000 

Interest income........................................................................................................150,000 

Selling and Administrative expenses...................................................................3,000,000 

Loss resulting from calculation error on depreciation in 2018 (pre-tax)...........600,000 

Loss on impairment of goodwill (not tax deductible)...........................................500,000 

Gain on sale of fair value-net income investments (normal, recurring).............100,000 

Loss-other (due to flood damage)...........................................................................400,000 

Loss from disposal of discontinued division (pre-tax)..........................................350,000 

Loss from operation of discontinued division (pre- tax)......................................200,000 

Dividends declared on common shares.................................................................250,000 

Forest Glen decided to discontinue its entire wholesale division (a major line of business) and to keep its manufacturing division. On September 15, it sold the wholesale division to Dynamic Corporation. During 2019, there were 800,000 common shares outstanding all year. Forest Glen's tax rate is 20% on operating income and all gains and losses (use this rate where the tax provisions are not given). Forest Glen prepares financial statements in accordance with IFRS and accounts for its investments in accordance with IAS 39. Note: pre-tax means before tax. 

Instructions:

a) Create a multi-step statement of comprehensive income showing expenses by function. 

b) Create a Statement of Changes in Shareholders' Equity