Presented below is information (partial) which relates to Granite Enterprises Limited for 2020:

Retained earnings, January 1, 2020... ....................................................$792,000

Sales revenue .................................................................................14,600,000

Cost of goods sold ...........................................................................11,400,000

Property, Plant and Equipment (Net) ......................................................1,200,000

Interest income .....................................................................................68,000

Inventory .............................................................................................330,000

Selling and administrative expenses ......................................................1,880,000

Unrealized loss on FV-OCI investments ................................................... 128,000

Gain on disposition................................................................................208,000

Accounts receivable ............................................................................. 540,000

Accounts Payable .................................................................................225,000

Notes payable...................................................................................... 290,000

Income tax on continuing operations.........................................................319,000

Lawsuit lost re unsatisfied customer...........................................................140,000

Loss on sale of FV-NI investments .............................................................44,000

Loss - other (due to flood damage) ..........................................................156,000

Loss from disposal of discontinued division (net of tax of 35,000) ....................105,000

Gain from operation of discontinued division (net of tax of 18,000).....................66,000

Dividends declared on common shares ......................................................28,000

Accumulated other Comprehensive income, January 1, 2020 .........................32,000

Common shares ...................................................................................600,000

Granite 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 2020, there were 800,000 common shares outstanding all year.Granite's tax rate is 25% on operating income and all gains and losses use this rate where the tax provision is not given.Granite prepares financial statements in accordance with IFRS.Assume any tax numbers you have are correct.

Instructions

a)Create a multiple-stepstatement of comprehensive income for 2020. Include calculation of EPS.

b) Create a partial statement of Changes in Equity for December 31, 2020 showing the Retained Earnings and Accumulated Other Comprehensive income columns.