Please i need the answer to this case. Attached below

MGT 3101 Case III Due on December 10, 2015 G SHOES LTD. G Shoes Ltd. (GSL) is an integrated manufacturer and retailer of moderately priced high-fashion footwear, leather goods, and accessories. GSL is a public company listed on the Toronto Stock Exchange. GSL has stores in over 180 major Canadian shopping malls, and operates over 50 \"boutiques\" in larger retail stores. Until the current year, GSL had three retail stores in the United States. In general, operating results in 20X9 have been disappointing, with lower same-store sales trends and higher costs across the board. Preliminary operating results for 20X9 are shown in Exhibit 1. Details of accounting issues that must be resolved before the financial statements can be finalized are in Exhibit 2. In particular, the company is discussing with the auditor whether the closure of the three U.S. retail stores, which occurred in March 20X9, can be accounted for as a discontinued operation. Company management has asked that any quantitative analysis reflect two alternativestreating the closure as an unusual item, and then as a discontinued operation. Draft financial statements reflect the unusual item treatment. In addition, no accounting recognition has been given to stock options outstanding or granted during the year, as valuation estimates were not complete when the draft financial statements were prepared. This information has recently been provided. Finally, EPS calculations for 20X9 have not yet been made. Required: Analyze the accounting issues as identified, and prepare revised draft statement of comprehensive income, and EPS calculations. At the end of the year, the market price of subordinated voting shares was $11.25, and had been stable for most of the year. Any recorded compensation cost is a permanent difference for tax purposes and will not change recorded tax amounts. 5. In March 20X9, GSL announced that it would close its U.S. retail operation, consisting of three retail stores. The store had been a separate division of the MGT 3101 Case III Due on December 10, 2015 G SHOES LTD. G Shoes Ltd. (GSL) is an integrated manufacturer and retailer of moderately priced high-fashion footwear, leather goods, and accessories. GSL is a public company listed on the Toronto Stock Exchange. GSL has stores in over 180 major Canadian shopping malls, and operates over 50 \"boutiques\" in larger retail stores. Until the current year, GSL had three retail stores in the United States. In general, operating results in 20X9 have been disappointing, with lower same-store sales trends and higher costs across the board. Preliminary operating results for 20X9 are shown in Exhibit 1. Details of accounting issues that must be resolved before the financial statements can be finalized are in Exhibit 2. In particular, the company is discussing with the auditor whether the closure of the three U.S. retail stores, which occurred in March 20X9, can be accounted for as a discontinued operation. Company management has asked that any quantitative analysis reflect two alternativestreating the closure as an unusual item, and then as a discontinued operation. Draft financial statements reflect the unusual item treatment. In addition, no accounting recognition has been given to stock options outstanding or granted during the year, as valuation estimates were not complete when the draft financial statements were prepared. This information has recently been provided. Finally, EPS calculations for 20X9 have not yet been made. Required: Analyze the accounting issues as identified, and prepare revised draft statement of comprehensive income, and EPS calculations. At the end of the year, the market price of subordinated voting shares was $11.25, and had been stable for most of the year. Any recorded compensation cost is a permanent difference for tax purposes and will not change recorded tax amounts. 5. In March 20X9, GSL announced that it would close its U.S. retail operation, consisting of three retail stores. The store had been a separate division of the MGT 3101 Case III Due on December 10, 2015 G SHOES LTD. G Shoes Ltd. (GSL) is an integrated manufacturer and retailer of moderately priced high-fashion footwear, leather goods, and accessories. GSL is a public company listed on the Toronto Stock Exchange. GSL has stores in over 180 major Canadian shopping malls, and operates over 50 \"boutiques\" in larger retail stores. Until the current year, GSL had three retail stores in the United States. In general, operating results in 20X9 have been disappointing, with lower same-store sales trends and higher costs across the board. Preliminary operating results for 20X9 are shown in Exhibit 1. Details of accounting issues that must be resolved before the financial statements can be finalized are in Exhibit 2. In particular, the company is discussing with the auditor whether the closure of the three U.S. retail stores, which occurred in March 20X9, can be accounted for as a discontinued operation. Company management has asked that any quantitative analysis reflect two alternativestreating the closure as an unusual item, and then as a discontinued operation. Draft financial statements reflect the unusual item treatment. In addition, no accounting recognition has been given to stock options outstanding or granted during the year, as valuation estimates were not complete when the draft financial statements were prepared. This information has recently been provided. Finally, EPS calculations for 20X9 have not yet been made. Required: Analyze the accounting issues as identified, and prepare revised draft statement of comprehensive income, and EPS calculations. At the end of the year, the market price of subordinated voting shares was $11.25, and had been stable for most of the year. Any recorded compensation cost is a permanent difference for tax purposes and will not change recorded tax amounts. 5. In March 20X9, GSL announced that it would close its U.S. retail operation, consisting of three retail stores. The store had been a separate division of the