0x/FMfcgzGkZGCFbmrbprrrlikWaibspDv?projector=1&message Partid:0.1 duction to Pe. EC290 Textbook EC295 EC281 BU225 Assignment 1 pers. Midterm 2 B0283 Gibbs Manufacturing Corp. is a public company that provided the following partial-trial balance for the year ended December 31, 2018. The company is subject to a 40% income tax rate. The amounts in the trial balance have not been adjusted for income taxes, Sales 3920,000 Dividend income 19,470 interest income 32,420 Retained earnings, January 1 2018 263,590 BX Gain on disposal of assets discontinued operations of Ziva-Division- 62,840 Unrealized guin on-Fair Value-eel investments durtigthe-year 26,980 Accounts receivable 195.000 Allowance for doubtful accounts 26600 Loss on disposal of equipment X 1.850 Common shares -630,000 Loss from operation of discontinued operations of Ziva Division 62,400 Dividends declared during 2018 Tpat-20494 38.699- Accumulated other comprehensive income 98,555 tossult assot-impairment (Patent Cost of goods sold 461,900 General and administrative expenses 148.500 Prepaid advertising 1640 Sales and Marketing expenses Depreciation expense + Page 8/10 72,946- Interest.expens 56,200 387 fall 2016...pl doc (1).pdf HR-QUIZ-TB-1. pat 5 Chapter 7.pdf MacBook Air 21 DO BO 13 888 F4 :8 35 Dll FB of Allowance for doubtful accounts 1,500 loss on disposal of equipment x 11.850 Common shares -620,000 Loss from operation of discontinued operations of Ziva Division 62,400 Dividends declared during 2018 pathin 2019 98,600- Accumulated other comprehensive income 98,555 toss or as impairment (Patent) 48.100 Cost of goods sold 400,990 Generatand administrative expenses 148,300 Prepaid advertising Sales and Tasketing expenses -100 Depreciation expense 72,946 -Interest expense 36,200 OTHER INFORMATION - During 2018 there were 100,000 common shares issued and outstanding. REQUIRED Prepare a multi-step statement of comprehensive income for the year ended December 31, 2018 Assume that the discontinued operations of the Ziva Division meet the definition of discontinued operations under IFRS (Provide your answer to Question 5 on the next page) I 10 Page 10 Q + BU387 fall 2016.pd! doc (1).pdf HR-QUIZ-T3-1.0.pdf Chapter 7 pdf MacBook Air 200 80 888 fa 25. P6 DD F5 00 F7 F # 3 $ 4 % 5 6 & 7 00* C 9 8 0 E R T Y U 0 o 0x/FMfcgzGkZGCFbmrbprrrlikWaibspDv?projector=1&message Partid:0.1 duction to Pe. EC290 Textbook EC295 EC281 BU225 Assignment 1 pers. Midterm 2 B0283 Gibbs Manufacturing Corp. is a public company that provided the following partial-trial balance for the year ended December 31, 2018. The company is subject to a 40% income tax rate. The amounts in the trial balance have not been adjusted for income taxes, Sales 3920,000 Dividend income 19,470 interest income 32,420 Retained earnings, January 1 2018 263,590 BX Gain on disposal of assets discontinued operations of Ziva-Division- 62,840 Unrealized guin on-Fair Value-eel investments durtigthe-year 26,980 Accounts receivable 195.000 Allowance for doubtful accounts 26600 Loss on disposal of equipment X 1.850 Common shares -630,000 Loss from operation of discontinued operations of Ziva Division 62,400 Dividends declared during 2018 Tpat-20494 38.699- Accumulated other comprehensive income 98,555 tossult assot-impairment (Patent Cost of goods sold 461,900 General and administrative expenses 148.500 Prepaid advertising 1640 Sales and Marketing expenses Depreciation expense + Page 8/10 72,946- Interest.expens 56,200 387 fall 2016...pl doc (1).pdf HR-QUIZ-TB-1. pat 5 Chapter 7.pdf MacBook Air 21 DO BO 13 888 F4 :8 35 Dll FB of Allowance for doubtful accounts 1,500 loss on disposal of equipment x 11.850 Common shares -620,000 Loss from operation of discontinued operations of Ziva Division 62,400 Dividends declared during 2018 pathin 2019 98,600- Accumulated other comprehensive income 98,555 toss or as impairment (Patent) 48.100 Cost of goods sold 400,990 Generatand administrative expenses 148,300 Prepaid advertising Sales and Tasketing expenses -100 Depreciation expense 72,946 -Interest expense 36,200 OTHER INFORMATION - During 2018 there were 100,000 common shares issued and outstanding. REQUIRED Prepare a multi-step statement of comprehensive income for the year ended December 31, 2018 Assume that the discontinued operations of the Ziva Division meet the definition of discontinued operations under IFRS (Provide your answer to Question 5 on the next page) I 10 Page 10 Q + BU387 fall 2016.pd! doc (1).pdf HR-QUIZ-T3-1.0.pdf Chapter 7 pdf MacBook Air 200 80 888 fa 25. P6 DD F5 00 F7 F # 3 $ 4 % 5 6 & 7 00* C 9 8 0 E R T Y U 0 o