In its income statement for the year ended December 31, 2017, Mancini Company, SpA reported the following condensed data.
Operating expenses...............€ 725,000..............Interest revenue...............€ 33,000
Cost of goods sold................1,256,000...Loss on disposal of plant assets.........17,000
Interest expense........................70,000.....................Net sales..............2,200,000
Other comprehensive income.........8,300
Instructions
(a) Prepare an income statement.
(b) Prepare a comprehensive income statement.