Question 2 Shown below account balances in the trial balance of Holiday Corporation as at 31 December 2023. Prepare an income statement and statement of retained earnings for the year ended 31 December 2023 for Holiday Corporation that is presented in accordance with IFRS (including format and terminology). Holiday Corporation has 50,000 ordinary shares and 10,000 preference shares outstanding and has a 30% income tax rate on all tax related items. Dividend declared includes $30,000 for ordinary shares and $10,000 for preference shares