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Presented below is information for Ivanhoe Co. for the month of January 2022. Cost of goods sold $210,700 Rent expense $33,50Sales Returns and Allowances 18,400 Sales Discounts Sales Discount C 8 8,000 ,000 i 26,400 i Net Sales 371,600 Cost of GoodsIncome Before Income Taxes 40,500 Income Tax Expense 5,400 i Net Income /(Loss) 35,100 eTextbook and Media List of Accounts* Your answer is incorrect. Prepare a comprehensive income statement. IVANHOE CO. Comprehensive Income Statement For the Year

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Answer #1
IVANHOE CO.
Comprehensive Income Statement
For the Month Ended January 31, 2022
Net Income 35,100
Other comprehensive income ( net of tax) 2,000
Comprehensive Income $37,100

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