The following information was taken from the records of Vega Inc. for the year 2015: Income tax applicable to income from continuing operations R$ 119,000. Income discontinued operations R$25,500, and unrealized holding gain on non-trading equity securities R$ 15,000. Gain on sale of plant assets R$95,000 Cash dividends dedared R$ 150,000 Loss or discontinued operations 75,000 Retained earnings January 1, 2015 600,000 Administrative expenses 240,000 Selling expenses 300,000 Ordinary shares outstanding during 2015 were 100,000. Income before income tax R$385,000 Instruction: Prepare the income statement showing net income section using IFRS format (start from Income before income tax)