10. The following information relates to Nabisco Corporation for the year ended December 31, 2016. All amounts are before income taxes. Assume a 25% income tax rate for all items.

Net sales $ 1,050,000

Other expenses and losses $ 100,000

Operating expenses $ 200,000

Other revenues and gains $ 60,000

Cost of goods sold $ 450,000

Unrealized loss on available-for-sale securities $ 50,000

Additional information:

The entire snack division was discontinued on September 30. The loss from operations for this division before income tax was $60,000. The snack division was sold at a gain of $40,000 before income taxes.

Instructions

Prepare a statement of comprehensive income for the year in good form. Make sure to include all the proper subtotals.