The following is information for Sheffield Corp. for the year ended December 31, 2023 Sales revenue $1,160,000 Unrealized gain on FV-OCI equity 46,000 Loss on inventory due to decline in net realizable value Loss on disposal of equipment $79,000 40,000 investments Depreciation expense related to buildings omitted by Interest income 8,000 58,000 mistake in 2022 Cost of goods sold 696.000 Retained earnings at December 31, 2022 920,000 Selling expenses 58,000 Loss from expropriation of land 63.000 Administrative expenses 52,000 Dividends declared 40.000 Dividend revenue 15,000 The effective tax rate is 35% on all items. Sheffield prepares financial statements in accordance with IFRS. The FV-OCI equity Investments trade on the stock exchange. Gains/losses on FV-OCI investments are not recycled through net income ENG US 12 2023