Problem 2 3/6 13 marks Problem 2 The MAPLE Construction Company builds office buildings. It also owns and operates a goat farm. On November 30, 2019, the company decided to sell the entire goat farm business for $8 million. The sale was completed on May 15, 2020. The income statement information for 2019 is provided below for the two components of the company, (S in thousands) Construction Goat farm Component Component Total Sales revenue $45.0 $10.0 $55.0 Cost of goods sold 19.0 19.0 Other operating expenses 3.D 12.0 15.0 Other income 4.0 4.0 Other loss (5.0) (3.0) (8.0) Income tax expense (benefit) 6.6 (1.5) 5.1 i. ii. For the construction component, half of the "other loss" represents an unusual loss due to an uninsured fire at a construction site. For the goat farm component, the entire "other loss" amount represents the lost on sale of assets of the component for $4 million when the carrying value was $7 million. A 30% tax rate applies to all items of income or loss. iii. Instructions: Prepare a 2019 multi-step income statement for the MAPLE Construction Company. Assume MAPLE follows IFRS and include EPS disclosures. There were 10,000 cumulative preferred shares with a dividend of $5 each and 15,000 common shares outstanding throughout 2019. - Hint: Make it look tidy os there are marks for the title, sub-titles, correct use of lines etc