Retailled edfilings, January Sales revenue 36,500,000 Cost of goods sold 28,500,000 Interest income 170,000 Selling and administrative expenses 4,700,000 Unrealized gain on FV-OCI investments (gains/losses recycled) 320,000 Loss on impairment of goodwill (not tax-deductible) 520,000 Income tax on continuing operations for 2017 (assume this is correct) 797,500 Assessment for additional income tax for 2015 (normal, recurring) 500,000 Gain on sale of FV-NI investments (normal, recurring) 110,000 Loss-other (due to flood damage) 390,000 Loss from disposal of discontinued division (net of tax of $87,500) 262,500 Loss from operation of discontinued division (net of tax of $55,000) 165,000 Dividends declared on common shares 250,000 Dividends declared on preferred shares 70,000 Rolling Thunder 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 2017, there were 800,000 common shares outstanding all year. Rolling Thunder's tax rate is 25% on operating income and all gains and losses (use this rate where the tax provisions are not given). Rolling Thunder prepares financial statements in accordance with IFRS