Question 2 of 5 View Policies Current Attempt in Progress Information for 2023 follows for Swifty Corp: Retained earnings, January 1,2023 Sales revenue Cost of goods sol Selling and administrative expenses Unrealized gain on FV-OCl equity investments (gain 5 /losses not recycl Loss on impairment of goodwill Income tax on continuing operations for 2023 (assume this is correct) $2,000,000 Assessment for additional income tax for 2021 (normal, recurring, and not caused by an error) 504,000 Gain on disposal of FV-NI investments 91,000 Loss from flood damage 416,000 Loss on disposal of discontinued division (net of tax of $64,750 ) 259,000 Loss from operation of discontinued division (net of tax of $40,250 ) 161,000 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 2023 , 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 in accordance with IFRS. Prepare a multiple-step statement of financial performance for the year ended December 31,2023 , showing expenses by function. Question 2 of 5 Less v: Cost of Goods Sold Gross Profit/(Loss) Less : Selling and Administrative Expenses Income from Operations Other Revenues and Gains Interest income Gain on Disposal of FV-Ni investments Other Expenses and Losses Loss on impairment of Goodwill Question 2 of 5 1201 Loss on Impairment of Goodwill Loss from Flood Damage. Income from Continuing Omerations before income Tax Income Tax Expenses Question 2 of 5> Items that will not be recycled subsequently to net income or loss: 5 Items that will not be recycled subsequently to net income or loss