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4 operations PART D-Income Statement and Comprehensive Income presented below is information related to Wesley Company at December 31, 2021, the end of its first
4 operations PART D-Income Statement and Comprehensive Income presented below is information related to Wesley Company at December 31, 2021, the end of its first year of Sales revenue $885,000 Cost of goods sold 450,000 Selling and administrative expenses 125,000 Gain on sale of plant assets 175,000 Loss on sales investment 34,000 Sales discount 40,000 Sales returns and allowances 10,000 Dividend revenues 100,000 Unrealized gain on available-for-sale investments 25,000 Interest expense 15,000 Loss for casualty 30,000 Rent revenues 100,000 Dividends declared and paid 12,000 Income taxes rate 30% Instructions 1. Prepare the income statement 2. Prepare the comprehensive income. 30 points
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