The following account balances were included in the adjusted trial balance of XYZ Co. at June 30, 2015. All accounts have normal balances: Accumulated depreciation, equipment. Accumulated depreciation, machinery.. 50,000 30,000 Accumulated other comprehensive income. Allowance for doubtful accounts Common shares Cost of goods sold Depreciation expense, 2014 expense, understated due to error Depreciation expense, equipment Depreciation expense, machinery Dividends declared on common shares Dividends declared on preferred shares Entertainment expense Freight-out Gain on disposal. Gain on sale of land Insurance expense. Interest expense Preferred shares. Rent expense. Retained earnings. Salaries expense.. Sales Sales commissions expense.. Sales discounts... Sales returns and allowances. Supplies expense.. Telephone and internet expense (sales).. Unrealized gain on AFS investments (OCI). Additional information: 153,000 1,700 432,000 1,326,000 11,000 7,100 8,000 21,000 46,000 21,000 32,000 43,000 86,000 33,000 13,000 70,400 45,000 170,000 67,000 2,600,000 116,000 12,000 73,000 5,000 11,000 37,000 The company is publically traded and follows IFRS and its income tax rate is 40%. On June 30, 2015, the number of common shares outstanding was 128,000 and there were no changes to common shares during the fiscal year. The ending balance for preferred shares of $70,400 includes issuing 800 preferred shares at $13 per share in the current year. The market price per common share on the reporting date was $15.32. a) Calculate the net income (loss) for the year ended June 30, 2015. Please make sure your final answer(s) are accurate to the nearest whole number. Net income (loss) = $ b) Prepare a statement of changes in equity for the year ended June 30, 2015. Please make sure your final answer(s) are accurate to the nearest whole number. XYZ Co. Statement of Changes in Equity For the Year Ended June 30, 2015 Preferred Common Retained Accumulated Shares Shares Earnings Other Comprehensive Total Equity Income c) Required disclosure: Calculate the tax amount for the correction of the prior period error for depreciation expense. Please make sure your final answer(s) are accurate to the nearest whole number. Tax amount = $ d) Calculate the price-earnings ratio. Please make sure your final answer(s) are accurate to 2 decimal places. (Hint: Calculate earnings per share first and round this to the nearest 2 decimal places.) Price-earnings ratio = | times