The Lavish Corp. had the following information: Retained Sales revenue Cost of goods sold Interest income Selling and administrative expenses Unrealized gain on FV-OCI equity investments (before income tax) Income tax on continuing operations for 2021 (assume this is correct) 2,000,000 42,250,000 27,300,000 165,000 3,800,000 320,000 797,500 Assessment for additional income tax for 2018 (normal, recurring, and not caused by an error) 500,000 Gain on disposal of FV-NI investments 110,000 Loss from flood damage 390,000 Loss on disposal of discontinued division (net of tax of $87,500) Loss from operation of discontinued division (net of tax of $55,000) Dividends declared on common shares 262,250 164,500 250,000 Lavish Corp decided to discontinue its entire wholesale division (a major line of business) and to keep its manufacturing division. On September 15, it sold the wholesale division to Popcorn Corp. During 2021, there were 800,000 common shares outstanding all year. Lavish Corp's tax rate is 25% on operating income and all gains and losses (use this rate where the tax provisions are not given) Lavish Corp. prepares financial statements in accordance with IFRS Instructions: a. Prepare a multiple-step statement of financial performance for the year ended December 31, 2021, showing expenses by function. Include EPS calculations. b. Prepare a statement of retained earnings