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Information for XX Corporation for 2024 follows: $2,110,000 48,575,000 29,466,000 145,000 780,000 1,200,000 2,100,000 2.540,000 305,000 2,200,000 Retained Earnings, January 1, 2024 Sales Revenue COGS
Information for XX Corporation for 2024 follows: $2,110,000 48,575,000 29,466,000 145,000 780,000 1,200,000 2,100,000 2.540,000 305,000 2,200,000 Retained Earnings, January 1, 2024 Sales Revenue COGS Interest Income Sales Salaries Depreciation expense - Selling Equip. Selling Supplies Expense Unrealized Loss on FV-OCI Invest. (net of tax) Loss on Sale of Equipment Administrative Expenses Assessment for Additional Income Tax for 2022 (normal, recurring) Gain on Sale of FV-NI Invest. (normal, recurring) Loss from Expropriation Loss from Operation of Discontinued Division (net of tax of $60,666.66) Loss from Disposal of Discontinued Division (net of tax of $113,333.33) Dividends Declared on Preferred Shares Dividends Declared on Common Shares 200,000 160,000 150,000 182,000 340,000 548,000 1,410,000 XX Corp. decided to discontinue its credit services division (a major line of business) and to keep its retailing division. During 2024, there were 3,200,000 common shares outstanding all year. XX Corp.'s tax rate is 25% on operating income and all gains and losses (use this rate where tax provisions are not given). XX Corp. prepares financial statements in accordance with IFRS. Required: Prepare a multiple-step statement of comprehensive income showing expenses by function. Include calculation of EPS
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