ming: BACK NEXT oblem 43 formation for 2017 follows for Ayayal Corp.: tamned earnings, January 1, 2017 les revenue ost of goods sold Kerest income elling and administratwe expenses nrealized gain on FV.OCI inwestments oss on impairment of goodwill not tax deductible) come tax on continuing operations for 2017 (assume this is correct) ssessment for additional income tax for 2015 (normal, recurring) ain on sale of TV-NE investments (normal, recurring) oss-other (due to flood damage) oss from disposal of discontinued division (net of tax of $87,133) oss from operation of discontinued division (net of tax of $57,000) Dividends declared on common shares Dividends declared on preferred shares $1,940,000 36,900,000 28,812,000 158,000 4,790,000 277,000 538,000 790,750 429,000 102,000 395,000 261,400 171,000 214,500 59,000 yayai 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 Dylane Corp. During 2017, there vere 800,000 common shares outstanding all year. Ayaya's tax rate is 25% on operating income and all gains and losses (use this rate where the tax provisions are not given). Ayayar prepares financial tatements in accordance with IFRS. ming: BACK NEXT oblem 43 formation for 2017 follows for Ayayal Corp.: tamned earnings, January 1, 2017 les revenue ost of goods sold Kerest income elling and administratwe expenses nrealized gain on FV.OCI inwestments oss on impairment of goodwill not tax deductible) come tax on continuing operations for 2017 (assume this is correct) ssessment for additional income tax for 2015 (normal, recurring) ain on sale of TV-NE investments (normal, recurring) oss-other (due to flood damage) oss from disposal of discontinued division (net of tax of $87,133) oss from operation of discontinued division (net of tax of $57,000) Dividends declared on common shares Dividends declared on preferred shares $1,940,000 36,900,000 28,812,000 158,000 4,790,000 277,000 538,000 790,750 429,000 102,000 395,000 261,400 171,000 214,500 59,000 yayai 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 Dylane Corp. During 2017, there vere 800,000 common shares outstanding all year. Ayaya's tax rate is 25% on operating income and all gains and losses (use this rate where the tax provisions are not given). Ayayar prepares financial tatements in accordance with IFRS