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

Sales revenue

$1,130,000Loss on inventory due to decline in net realizable value$71,000Unrealized gain on FV-OCI equity investments38,000Loss on disposal of equipment

25,000Interest income

5,000Depreciation expense related to buildings omitted by mistake in 201955,000Cost of goods sold

678,000Retained earnings at December 31, 2019930,000Selling expenses

56,500Loss from expropriation of land

61,000Administrative expenses

44,000Dividends declared45,000Dividend revenue

23,000

The effective tax rate is20% on all items.Montyprepares 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.

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