1. An inexperienced accountant for Silva Corporation showed the following in the income statement: income before income taxes $450,000 and unrealized gain on available-for-sale securities (before taxes) $70,000. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 25% tax rate.

Prepare a correct statement of comprehensive income.

2. Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.)

		Dec. 31, 2017					Dec. 31, 2016
		Amount		Percentage			Amount		Percentage
Accounts receivable		$ 460,000			%		$ 400,000			%
Inventory		$ 780,000			%		$ 650,000			%
Total assets		$3,164,000			%		$2,800,000			%