The 31 December 20X2 year-end trial balance for Dynamics Ltd., a private company, showed the following account balances: Dr./(Cr.) $(8,700,000) (9,700,000) 73,000) 5,150,000 830,000 Retained earnings, 31 December 20x1 sales revenue Dividend Income from investments Cost of sales Inpairment on discontinued plant assets, held-for- sale (before tax) General, selling, and administrative expenses Interest expense Reduction in prior years earnings due to change in accounting policy, cumulative to 31 December 20X1 (before tax) Dividends declared, to be paid 15 January 20X3 Loss due to bankruptcy of major client 1,865,000 108,000 440,000 730,000 125.000 The company pays income tax at a rate of 20%. Prepare an income statement for the year ended 31 December 20X2. (Enter answers in thousands, not in whole Canadian dollar.) DYNAMICS LTD Income Statement For the year ended on 31st December, 20X2 (in thousands of Canadian dollars) Total revenue Total expense from continuing operations Earnings from continuing operations, before income tax Earnings before discontinued operation Discontinued operation: Net eamings