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(2) Jimmy Inc. reported the following trial balance at year end 2019. Sales revenue $30,000 Equipment rental revenue 840 Cost of sales 12,375 Selling and

(2) Jimmy Inc. reported the following trial balance at year end 2019.
Sales revenue $30,000
Equipment rental revenue 840
Cost of sales 12,375
Selling and administrative expenses 6,540
Interest expense 1,120
Gain on sale of old machinery 420
Unrealized gain on available for sale securities 312
(A) Prepare a multi-step income statement of Jimmy Inc., assuming an income tax rate is 30%.
(B) Compute comprehensive income.
(C) If Beginning Retained Earnings was $15,000 and $2,000 of common stock dividends were paid, how would your report the ending Retained Earnings Balance

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