Question 3.3 (Total: 45 marks; part 1: 24 marks; part 2: 15
marks; part 3: 6 marks)
Star Finder Inc. has provided the following information for
the year ended December 31, 2021:
Sales revenue
$1,300,000
Loss on inventory due to decline in net realizable value
$80,000
Unrealized gain on FV-OCI equity investments
42,000
Loss on disposal of equipment
35,000
Interest income
7,000
Depreciation expense related to buildings omitted by mistake
in 2020
55,000
Cost of goods sold
780,000
Retained earnings...