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 Concord Corporation was incorporated and began business on January 1, 2020. It has been successful and now requires a bank loan for additional capital to finance an expansion. The bank has requested an audited income statement for the year 2020 using IFRS. The accountant for Concord Corporation provides you with the following income statement, which Concord plans to submit to the bank:  Concord Corporation Income Statement Sales revenue $ 844,000  Dividend revenue 33,000  Gain on recovery of earthquake loss (unusual) 27,000  Unrealized holding gain on FV-OCI equity investments 5,000  909,000  Less:  Selling expenses $ 138,000  Cost of goods sold 507,000  Advertising expense 12,000  Loss on inventory due to decline in net realizable value 35,000  Loss on discontinued operations 46,000  Administrative expenses 72,000 810,000  Income before income tax 99,000  Income tax expense 19,800  Net income $ 79,200   Concord had 100,000 common shares outstanding during the year and has an effective tax rate of 20%. Gains/losses on FV-OCI equity investments are not recycled through net income.  (b)  Prepare a revised single-step statement of comprehensive income. (Round percentage to 0 decimal places for intermediate calculations, e.g. 52% and per share answers to 2 decimal places, e.g. 52.75.)

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