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Information for $2023$ follows for Concord Corp.:

Retained earnings, January $1,2023$

Sales revenue

Cost of goods sold

Interest income

Selling and administrative expenses

Unrealized gain on $FV-$OCl equity investments $($gains$/$losses not recycled$)$

Loss on impairment of goodwill

Income tax on continuing operations for $2023($assume this is correct$)$

Assessment for additional income tax for $2021($normal$,$ recurring, and not caused by an error$)$

Gain on disposal of FV$-$NI investments

Loss from flood damage

Loss on disposal of discontinued division $($net of tax of $$62,625)$

Loss from operation of discontinued division $($net of tax of $$40,000)$

Dividends declared on common shares

Dividends declared on preferred shares

$$2,020,000$

$35,500,000$

$27,720,000$

$159,000$

$4,600,000$

$302,000$

$550,000$

$611,600$

$492,000$

$94,000$

$375,000$

$250,500$

$160,000$

$246,000$

$64,400$

Concord decided to discontinue its entire wholesale division $($a major line of business$)$ and to keep its manufacturing division. On

September $15,$ it sold the wholesale division to Dylane Corp. During $2023,$ there were $500,000$ common shares outstanding all year.

Concord's tax rate is $20\%$ on operating income and all gains and losses $($use this rate where the tax provisions are not given$).$ Concord

prepares financial statements in accordance with IFRS.

Prepare a multiple$-$step statement of financial performance for the year ended December $31,2023,$ showing expenses by function.

Include calculation of EPS. $($List other revenues and gains before other expenses and losses. Round EPS answers to $2$ decimal places, e$.$g$.$

$52\mathrm{.}75.)$

Concord Corp.

Statement of Financial Performance

For the Year Ended December $31,2023$

Sales Revenue

Cost of Goods Sold

Gross Profit $/($Loss$)$