Question 3.3 (Total: 45 marks; part 1: 24 marks; part 2: 15 marks; part 3: 6 marks) Star Finder Inc. has provided the following information for the year ended December 31, 2021: Sales revenue $1,300,000 Loss on inventory due to decline in net realizable value $80,000 42,000 Loss on disposal of equipment 35,000 Unrealized gain on FV-OCI equity investments Interest income 55,000 7,000 Depreciation expense related to buildings omitted by mistake in 2020 Cost of goods sold 980,000 780,000 Retained earnings at December 31, 2020 Selling expense 65,000 Loss from expropriation of land 60,000 Administrative expense 48,000 Dividends declared 45,000 Dividend revenue 20,000 The effective tax rate is 25% on all items. Star Finder Inc. prepares financial statements in accordance with IFRS. The FV-OCl equity investments trade on the stock exchange. Gains/losses on FV-OCI investments are not recycled through net income. Required: Required: 1. Prepare a multi-step statement of financial performance for 2021, showing expenses by function. Ignore calculation of EPS. 2. Prepare the retained earnings section of the statement of changes in equity for 2021. 3. Prepare the journal entry to record the depreciation expense omitted by mistake in 2020. (Total: 18 marks) Question 3.4