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Phantom Rock Corporation capital structure consists of 50,000 shares of common stock outstanding. At November 30, 2018 an analysis of the accounts and discussions with company offiriale ravalan tha fallowinn infarmation Additional information: - All of the above accounts had their normal debit or credit balances. This is a partial trial balance and therefore total debits and credits do not equal to zero (0). The company's income tax rate is 20%. Assume that all income items are fully taxable or deductible for income tax purposes. Required a) Prepare a multiple-step income statement using the IFRS format for Phantom Rock Corporation for the year ended November 30, 2018 [21 Marks] b) Prepare a retained earnings statement for the year ended November 30,2018. [4 Marks]