In its income statement for the year ended December 31, 2017, Laine Inc. 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 Income tax expense 47,000 Other comprehensive income

(net of $1,200 tax) 8,300 Instructions

(a) Prepare an income statement.

(b) Prepare a comprehensive income statement.