The following is information for Swifty Corp. for the year ended December 31, 2020:

Sales revenue		$1,400,000		Loss on inventory due to decline in net realizable value		$82,000
Unrealized gain on FV-OCI equity investments		46,000		Loss on disposal of equipment		40,000
Interest income		8,000		Depreciation expense related to buildings omitted by mistake in 2019		54,000
Cost of goods sold		840,000		Retained earnings at December 31, 2019		960,000
Selling expenses		70,000		Loss from expropriation of land		64,000
Administrative expenses		52,000		Dividends declared		44,000
Dividend revenue		21,000

The effective tax rate is 30% on all items. Swifty 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.

1. Prepare a multiple-step statement of financial performance for 2020, showing expenses by function. Ignore calculation of EPS.

2. Prepare the retained earnings section of the statement of changes in equity for 2020. (List items that increase retained earnings first following the adjustment of prior years.)

3. Prepare the journal entry to record the depreciation expense omitted by mistake in 2019. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)