The following is information for Gottlieb Corp. for the year ended December 31, 2017:

The effective tax rate is 25% on all items. Gottlieb prepares financial statements in accordance with IFRS. The FV-OCI investments trade on the stock exchange. Gains/losses on FV-OCI investments are recycled through net income.
Instructions
(a) Prepare a multiple-step statement of comprehensive income for 2017, showing expenses by function. Ignore calculation of EPS.
(b) Prepare the retained earnings section of the statement of changes in equity for 2017.
(c) Prepare the journal entry to record the depreciation expense omitted by mistake in 2016.
(d) How should Gottlieb account for the unrealized gain on FV-OCI investments if it prepares financial statements in accordance with ASPE? How would Gottlieb's retained earnings balance at December 31, 2016, be different if financial statements in all previous years had been prepared in accordance with ASPE?

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$1,300,000 Net sales revenue Unrealized gain on FV-oci Loss on inventory due to decline in net realizable value (NRV) Loss on sale of equipment Depreciation expense related to buildings $ 80,000 35,000 investments Interest income Cost of goods sold Selling expenses Administrative expenses Dividend revenue 42,000 7,000 780,000 65,000 48,000 20,000 omitted by mistake in 2016 Retained earnings at December 31, 2016 Loss-other (due to expropriation of land) Dividends declared 55,000 980,000 60,000 45,000