Statement of Net Income, IFRS. Using the information provided in BE5-7, prepare a statement of net income and additional disclosures that would meet IFRS requirements. Indicate items that IFRS requires be reported on the statement of net income. Use the condensed format.

Carr Corporation Trial Balance (Selected Accounts) For the Year Ended December 31 Account Debit Credit Dividends $ 1,345 Sales $123,750 Dividend Income 560 Interest Income 1,000 Gain on Disposal of Plant Assets 986 Unrealized Gain on Trading Investments 2,000 Cost of Goods Sold 45,678 Office Supplies Expense 4,500 Sales Salaries Expense 3,570 Selling Expenses 12,000 Accounting and Legal FeesGeneral Expense 800 Advertising Expense 4,000 Office Salaries Expense 6,780 Depreciation ExpenseGeneral Expense 9,000 Interest Expense 2,100 Loss on Asset Impairment 1,840