Question 1 Information for 2014 follows for Rolling Thunder Corp.:

Retained earnings, January 1, 2014 $2,000,000 Sales revenue 35,100,000 Cost of goods sold 27,408,000 Interest income 173,000 Selling and administrative expenses 4,720,000 Unrealized gain on fair value-OCI investments 375,000 Loss on impairment of goodwill (not tax deductible) 492,000 Income tax on continuing operations for 2014 (assume this is correct) 846,000 Assessment for additional income tax for 2012 (normal, recurring) 535,000 Gain on sale of fair value-net income investments (normal, recurring) 91,000 Lossother (due to flood damage) 416,000 Loss from disposal of discontinued division (net of tax of $111,257) 259,600 Loss from operation of discontinued division (net of tax of $69,000) 161,000 Dividends declared on common shares 267,500 Dividends declared on preferred shares 54,000 Rolling Thunder 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 2014, there were 720,000 common shares outstanding all year. Rolling Thunders tax rate is 30% on operating income and all gains and losses (use this rate where the tax provisions are not given). Rolling Thunder prepares financial statements in accordance with IFRS, and accounts for its investments in accordance with IAS 39.

Prepare a multiple-step statement of comprehensive income showing expenses by function. Include calculation of EPS. (Round EPS answers to 2 decimal places, e.g. 52.75.)