Refer to C5-2.
The December 31, 2014 and 2013 adjusted trial balances for Sportlife Gym Corporation are shown.

Required:
1. Prepare a comparative classified statement of financial position, as typically presented using IFRS.
2. Prepare a comparative statement of comprehensive income.
Use Exhibit 5.7 as a guide, except group expenses by nature (e.g., salaries and wages, rent, etc.) as outlined in Exhibit 5.11.

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2014 2013 Credit Debit Credit Debit $ 31,500 $ 30,000 2,000 13,000 3,000 350,000 Cash Accounts Receivable 2,500 Supplies Prepaid Rent Equipment 13,000 3,000 350,000 $ 20,000 $ 10,000 Accumulated Depreciation Other Noncurrent Assets Accounts Payable Unearned Revenue 12,000 20,000 5,000 6,000 72,000 13,000 80,000 14,000 Income Taxes Payable Long-Term Debt Contributed Capital Retained Earnings Dividends Declared Mermbership Revenue Coaching Revenue Coaching and Assistants Wages Management Salaries Facilities Rent Expense Depreciation Expense General Operating Expenses Interest Revenue 10,000 200,000 214,000 50,000 50,000 19,400 5,000 399,000 398,000 10,000 11,000 219,400 100,000 221,000 100,000 12,000 12,000 10,000 10,000 6,150 7,700 750 700 Interest Expense Income Tax Expense 600 15,000 14,000 20,000 $788,100 $794,750 $794,750 $788,100