Please use the info from the left to fill out the boxes on the excel on the right

a/s Equity at 12/31/2020 The companys plant was tested for impairment on 12/31/2020. company's plant and equipment had the following characteristics: On this date, the Income Statement 12/31/20 Net income for v/e 12/31/2020 800,000 Reta i ned earmngs Revaluation 10 (v) S 4 8 II 15 16 Transaction Reported under US. GAAP (iii) Common stock 100,000 Net book value [e ca value Fair value selling price) Costs of asset dis osal Ex ected future cash flO'.vs from use Sl OOO COO 57001000 sso ooo sno oco Present value of ted future cash flows 5600 000 Note the impairment has been accounted for in the U S GAAP financ'8,' statements Required: a) Prepare a reconciliation schedule that covens the company's 2020 net income calculation prepared under US. GAAP to IFRS (ignore taxation). b) Prepare a reconciliation schedule that coverts the company's December 31, 2020, stockholders' equity balance from LLS G*P to IFRS Clearly show all intermediate workings and state all assumptions (65 points) Briefly discuss whether your calculations for 2020 income and December 31, 2020, Stockholders' equity under IFRS prmride potential investors with more useful" information about the company's current performance than those drafted under US GAAP_ Suppon your answer by referring to the qualitative characteristics of useful financial information from the IASB's Conceptus,' Framework (10 points) (Total 75 points) Net income under IFRS for 2019 Total equity under IFRS at 12/31/2019