Riverbed Corporation, a clothing retailer, had income from operations (before tax) of $412,500, and recorded the following before-tax gains/(losses) for the year ended December 31, 2020:

Gain on disposal of equipment		29,700
Unrealized (loss)/gain on FV-NI investments		(59,400	)
(Loss)/gain on disposal of building		(74,800	)
Gain on disposal of FV-NI investments		36,300

Riverbed also had the following account balances as at January 1, 2020:

Retained earnings		$451,000
Accumulated other comprehensive income (this was due to a revaluation surplus on land)		95,600
Accumulated other comprehensive income (this was due to gains on FV-OCI investments)		60,500

As at January 1, 2020, Riverbed had one piece of land that had an original cost of $142,000 that it accounted for using the revaluation model. It was most recently revalued to fair value on December 31, 2019, when its carrying amount was adjusted to fair value of $237,600. In January 2020, the piece of land was sold for proceeds of $237,600. In applying the revaluation model, Riverbed maintains the balance in the Revaluation Surplus (OCI) account until the asset is retired or disposed of. In 2015, Riverbed purchased a portfolio of debt investments that the company intended to hold for longer term and classified the portfolio of investments as fair value through other comprehensive income (FV-OCI) with gains/losses recycled through net income. The investments in the portfolio are traded in an active market. Riverbed records unrealized gains and losses on these investments as OCI, and then books these gains and losses to net income when they are impaired or sold. The portfolios carrying amount on December 31, 2019, was $121,000. The entire portfolio was sold in November 2020 for proceeds of $138,600. Riverbeds income tax expense for 2020 was $108,900. Calculate net income for the year ended December 31, 2020, if Riverbed prepares financial statements in accordance with ASPE. Riverbeds income tax expense would not change.

Will the sum of the Accumulated Other Comprehensive Income and Retained Earnings under IFRS equal the balance of Retained Earnings under ASPE at December 31, 2020? Prepare a continuity schedule of the related accounts to demonstrate your answer. The sum of the AOCI and Retained Earnings under IFRS equal the balance of Retained Earnings under ASPE as follows:

Thanks in advance for your help!

Riverbed Corporation Partial Statement of Income For the year Ended December 31, 2020 $ Income before Income Tax Income Tax Expense Net Income / (Loss) IFRS ASPE Retained Earnings AOCI Retained Earnings 2 $ > > - $ $ Riverbed Corporation Partial Statement of Income For the year Ended December 31, 2020 $ Income before Income Tax Income Tax Expense Net Income / (Loss) IFRS ASPE Retained Earnings AOCI Retained Earnings 2 $ > > - $ $