Quila Corporation had the following income statement prepared by a new accounting intern for the fiscal year-end of December 31,2023 . The management of Quila is concerned that it was not prepared in accordance fwith generally accepted accounting principles. Quila is a private corporation reporting under ASPE. Additional Intormation: 1. The balance of Retained Earnings was \\( \\$ 472,000 \\) on January \\( 1^{\\text {st }}, 2023 \\). 2. Quila had a profit from discontinued operations of \\( \\$ 70,000 \\) and a loss on the disposal of assets of the discontinued operations of \\( \\$ 40,000 \\) during 2023. 3. It was discovered that sales had been overstated by \\( \\$ 100,000 \\) in 2022. 4. The corporate income tax rate is \50. Instructions: 1. Prepare a revised, corrected income statement for the year ended December 31, 2023. (7 marks) 2. Prepare a statement of retained earnings for the year ended December 31, 2023. (4 marks)