An excerpt of certain Matala S.A.'s accounts as of / for the year ended December 31, 2020 is presented below.

Amount Accumulated other comprehensive Income, Jan 1, 2020 1,000.0 Accrued liabilities 2,050.0 Cost of goods sold 28,100.0 Common shares (10,000 shares outstanding throughout the year) 3,000.0 Dividends declared - preferred shares 375.0 Dividends declared - common shares 1,125.0 Gain on sale of equipment 205.0 General & admin expenses 3,800.0 Expense error from 2019 (depreciation expense was overstated in 2019 by this amount) 1,550.0 Loss on writedown of assets of discontinued operation 1,000.0 Income tax payable 0.0 Interest expense 262.5 Interest revenue 200.0 Loss from the operations of discontinued operations 500.0 Sales and marketing expenses 2,000.0 Preferred shares (400 preferred shares outstanding throughout the year) 1,600.0 Retained earnings, Jan 1, 2020 1,500.0 Sales revenue 44,510.0 Unrealized loss on investments - OCI (other comprehensive. Income) 380.0

NOTE: All adjusting entries have been prepared EXCEPT for the 2020 income tax entries. (ie. All numbers above are before tax.) Matala is subject to a 24% income tax rate. Matala is publicly traded on the Greek stock exchange, and therefore must follow IFRS.

Required: . a) multi-step statement of comprehensive income in good form for Matala S.A. for 2020. (Round all amounts to the nearest dollar.) -Show required earnings per share (EPS) information. (Show these calculations below the statements.)

b) Prepare the Statement of Changes in Shareholders' Equity in good form for Matala S.A. for the year ended December 31, 2020.

c) Calculate adjusted income taxes payable at December 31, 2020 for Matala S.A..

Answer rating: 100% (QA)

a Multistep statement of comprehensive income for Matala SA for 2020 Sales revenue 44510 Cost of goo... View the full answer