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1.) Prepare statement of Comprehensive Income from the information given below of ABC SAOC for the year ended 31 December 2018: Sales Revenue 38,277,238 Cost

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1.) Prepare statement of Comprehensive Income from the information given below of ABC SAOC for the year ended 31 December 2018: Sales Revenue 38,277,238 Cost of sales 27,721,482 Gross profit 10,555,756 Other income 199,882 Salaries and other employee related costs 4,260,314 General and administrative expenses 970,694 Selling and distribution expenses 4,519,766 Net finance costs 24,450 Taxation 263,382 Fair value gain on financial assets 394,898 Unrealized holding loss Investments classified as available for sale 59,236 on

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