Presented below is information which relates to Corian Enterprises Limited for 2019:

Retained earnings, January 1, 2019 .$990,000

Sales revenue ...18,250,000

Cost of goods sold 14,250,000

Interest income .85,000

Selling and administrative expenses 2,350,000

Unrealized gain on FV-OCI investments 160,000

Loss on disposition..260,000

Income tax on continuing operations398,750

Lawsuit lost re unsatisfied customer........175,000

Gain on sale of FV-NI investments .55,000

Loss other (due to flood damage) .195,000

Loss from disposal of discontinued division (net of tax of 43,750) ..131,250

Loss from operation of discontinued division (net of tax of 22,500)...82.500

Dividends declared on common shares 35,000

Accumulated other Comprehensive income, January 1, 2019 .40,000

Common shares ..750,000

Corian 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 2019, there were 800,000 common shares outstanding all year. Corians tax rate is 25% on operating income and all gains and losses use this rate where the tax provision is not given. Corian prepares financial statements in accordance with IFRS. Assume any tax numbers you have are correct.

Instructions

1. In good form, prepare a multiple-step statement of comprehensive income for 2019. Include calculation of EPS.
2. Prepare a partial statement of Changes in Equity for December 31, 2019 showing the Retained Earnings and Accumulated Other Comprehensive income columns.