Question: During the year ended December 31, 2016, Speers Ltd. had revenues of $2,250,000 and expenses of $1,875,000. In addition, the company had other comprehensive income

During the year ended December 31, 2016, Speers Ltd. had revenues of $2,250,000 and expenses of $1,875,000. In addition, the company had other comprehensive income of $37,500.

Required:
Prepare an income statement and a statement of comprehensive income for Speers Ltd. for the year ended December 31, 2016.

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