Problem 4-03 Information for 2020 follows for Swifty Corp.: Retained earnings, January 1, 2020 Sales revenue Cost of goods sold Interest income Selling and administrative expenses Unrealized gain on FV-OCI equity investments (gains/losses not recycled) Loss on impairment of goodwill Income tax on continuing operations for 2020 (assume this is correct) Assessment for additional income tax for 2018 (normal, recurring, and not caused by an error) Gain on disposal of FV-NI investments Loss from flood damage Loss on disposal of discontinued division (net of tax of $64,750) Loss from operation of discontinued division (net of tax of $40,250) Dividends declared on common shares Dividends declared on preferred shares $2,000,000 35,100,000 27,408,000 173,000 4,720,000 375,000 492,000 564,000 535,000 91,000 416,000 259,000 161,000 267,500 54,000 Swifty 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 500,000 common shares outstanding all year. Swifty's tax rate is 20% on operating income and all gains and losses (use this rate where the tax provisions are not given). Swifty prepares financial statements accordance with IFRS. Prepare a multiple-step statement of financial performance for the year ended December 31, 2020, showing expenses by function. Include calculation of EPS. (Round EPS answers to 2 decimal places, e.g. 52.75.) Swifty Corp Statement of Financial Performance