Information for 2020 follows forPina ColadaCorp.:

Retained earnings, January 1, 2020 1,980,000

Sales revenue 37,200,000

Cost of goods sold 29,046,000

Interest income 187,000

Selling and administrative expenses 4,550,000

Unrealized gain on FV-OCI equity investments (gains/losses not recycled) 306,000

Loss on impairment of goodwill 537,000

Income tax on continuing operations for 2020 (assume this is correct) 699,800

Assessment for additional income tax for 2018 (normal, recurring, and not caused by an

error) 430,000

Gain on disposal of FV-NI investments 123,000

Loss from flood damage 415,000

Loss on disposal of discontinued division (net of tax of $63,500) 254,000

Loss from operation of discontinued division (net of tax of $41,500) 166,000

Dividends declared on common shares 215,000

Dividends declared on preferred shares 74,200

Pina Colada Corp. Statement of Financial Performance For the Year Ended December 31, 2020 Sales Revenue $ 372 Less v . . Cost of Goods Sold 29C Gross Profit / (Loss) 81 Add V Other Revenues and Gains V Gain on disposal of FV-NI Investments $ 123000 Interest Income V 187000 Activate Wir Go to Settings to\fItems that will not be reclassified subsequently to net income or loss: $ Activate Wind Go to Settings to a$ Items that will not be reclassified subsequently to net income or loss: $ $ $ Activate Win Go to Settings toIncome Tax Expenses U Discontinued Operations Other Expenses and Losses Other Revenues and Gains Income from Operations Gross Prot/ (Loss) Other Comprehensive Income Comprehensive Income Earnings per Share Income from Continuing Operations Net Income/ (Loss) Income from Continuing Operations before Income Tax V 187000 /3 E Activate Wi m '3 '. "II\"."Z :3 Income Tax Expenses For the current year Selling and Administrative Expenses Sales Revenue Loss from Operations, Net of Income Tax Recovery Gain from Disposal, Net of Income Tax Recovery Unrealized Gain on FVOCI Investments, Net of Income Tax Loss on Disposal, Net of Income Tax Recovery Interest Income Gain on Impairment of Goodwill Gain on disposal of FVNl Investments Loss from Flood Damage Cost of Goods Sold Gain from Operations, Net of Income Tax Recovery Tax Assessment Related to 2018 Loss on Impairment of Goodwill