Question

Sunland Corporation reported the following for 2020: net sales $1,238,000, cost of goods sold $733,900, selling and administrative expenses $321,900, and an unrealized holding gain on available for sale debt securities $15,800 Con- Prepare a statement of comprehensive income using the one statement format. Ignore income taxes and earnings per share.) SUNLAND CORPORATION Statement of Comprehensive Income port

Answer 1

SUNLAND CORPORATION comprehensive income statement for the year ended 2020 sales 12,38,000 cost of goods spld 733900 gross profit 5,04,100 selling and administration expenses 321900 net profit / income 1,82,200 unrealized gain on securities 15800 total comprehensive income 1,98,000

SUNLAND CORPORATION income statement for the year ended 2020 sales cost of goods spld gross profit selling and administration expenses | net profit / income 12,38,000 733900 5,04,100 321900 1,82,200 SUNLAND CORPORATION comprehensive income statement for the year ended 2020 net income 1,82,200 unrealized gain on securities 15800 total comprehensive income 1,98,000