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Presented below is financial information related to Finney Company Revenue Income from continuing operations Comprehensive income Net income Income from operations Selling and administrative expenses

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Presented below is financial information related to Finney Company Revenue Income from continuing operations Comprehensive income Net income Income from operations Selling and administrative expenses Income before income tax 950,000 120,000 140,000 100,000 260,000 600,000 250,000 Compute the following (a) other income and expense, (b) financing costs, (c) income tax, (d) discontinued operations, and (e) other comprehensive income. The following information was taken from the records of Vega Inc. for the year 2015: Income tax plictine romana loss on discontinued operations R$25,500, and unrealized holding gain on non-trading equity series R$15.00 Gain on sale of plant assets R$95,000 Cath dividends declared 0,00 Loss on discontinued operations 75,000 Retained earnings anuary 1, 2015 YA Administrative expenses 240,000 Selling expenses Ordinary shares outstanding during 2015 were 100,000. Income before income tax R$385,000 Instruction: Prepare the income statement showing net income section using IFRS format (start from income before income tax

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