Acrimony Limited has the following balances in its general ledger on 31 December 20X8 (in thousands of Canadian dollars):

Required:
Prepare, in good form, a statement of income and comprehensive income. Use a continuousformat.

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Debit Credit Retained earnings, 31 December 20X7 Sales revenue Interest expense Cost of sales Accumulated other comprehensive income, 31 December 20X7 Dividends paid Foreign currency gains and losses on 20X8 transactions Income tax expense Selling and administrative expense Amortization on furniture and fixtures for 20X08 Write-off of obsolete inventory Impairment of tangible capital assets Additional contributed capital Loss on redemption of long-term debt Unrealized foreign currency translation loss on self-sustaining $40,000 18,000 $780 8,000 1,350 2,000 1,120 3,400 1,050 530 970 18,000 670 U.S. subsidiary for 20X8, net of $124 income tax 496