Question 1 of 5 The following is information for Concord Corp, for the year ended December 31, 2023: -/20 E II! Sales revenue $1,450,000 Loss on inventory due to decline in net realizable value $76,000 Unrealized gain on FV-OCI equity investments 40,000 Loss on disposal of equipment 25,000 Interest income Cost of goods sold Selling expenses 5,000 Depreciation expense related to buildings omitted by mistake in 2022 53,000 870,000 Retained earnings at December 31, 2022 72.500 Loss from expropriation of land Administrative expenses Dividend revenue 46,000 Dividends declared 980,000 58,000 43.000 25,000 The effective tax rate is 35% on all items. Concord prepares financial statements in accordance with IFRS. The FV-OCI equity investments trade on the stock exchange. Gains/losses on FV-OCI investments are not recycled through net income.