Question: please answer question BE5-8 (i provided the excel format) BE5-8. Statement of Net Income, IFRS. Using the information provided in BE5-7, prepare a statement of



BE5-8. Statement of Net Income, IFRS. Using the information provided in BE5-7, prepare a statement of net income and additional disclosures that would meet IFRS requirements, Indicate items that IFRS requires be reported on the statement of net income. Use the condensed format. BE5-9. Multiple-Step Statement of Net Income. Using the infomation provided in BE5-7. prepare a multiple-step income statement for the current year. 27 Profit Before Tax 28 Income tax expense at 40% 30 31 Net profit 32 33 34 Additional disclosures: 35 Other Revenues/Gains and Expenses/Losses: \begin{tabular}{|l|l} \hline 43 & \\ 44 & \\ 45 & \\ 46 & Total Selling Expenses \\ 47 & \end{tabular} 48 General and Administrative Expenses: 48 49 50 51 52 53 Total General and Administrative Expenses
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