Wang Corporation's capital structure consists of 40,000 ordinary shares. At December 31, 2015 an analysis of the accounts and discussions with company officials revealed the following information:

Cash Loss on discontinued operations (net of tax) Accounts receivable Share capital Accumulated depreciation Dividend revenue Inventory, January 1, 2015 Inventory, December 31, 2015 Unearned service revenue Accrued interest payable Land Patents Retained earnings, January 1, 2015 General and administrative expenses Dividends declared Income before income tax 60,000 28,000 90,000 200,000 180,000 8,000 152,000 125,000 4,400 1,000 370,000 100,000 290,000 150,000 29,000 112,000 The amount of income taxes applicable to ordinary income was 133,600 Prepare the net income section of the multiple step income statement (IFRS format)