The following information for the year ending December 31, 2002, has been provided for the Blacksburg Company.

Instructions:
Prepare a statement of comprehensive income for the Blacksburg Company.

Transcribed Image Text:

Sales. Cost of goods sold Foreign translation adjustment (net of income taxes) Selling expenses Extraordinary gain (net of income taxes) Correction of inventory error (net of income taxes). General and administrative expenses Cumulative effect of change in depreciation method (net of income tax savings).. Income tax expense Gain on sale of investment. Proceeds from sale of land at cast. Dividends. $450,000 263,000 33,000 (cr.) 63,900 39,400 28,680 (cr.) 58,720 18,380 (dr.) 21,500 6,700 75,000 8,900