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ABC Corporation reported the following information for the year ended June 30, 2020 Administrative expenses $ 8,000 Casualty Loss from tornado 5,000 Cost of goods

ABC Corporation reported the following information for the year ended June 30, 2020

Administrative expenses $ 8,000

Casualty Loss from tornado 5,000

Cost of goods sold 35,000

Dividends paid by ABC to its shareholders 6,000

Error calculating warranty expense in 2017 (decrease income) 9,000

Interest earned on available-for-sale debt securities 2,000

Unrealized loss from available-for-sale debt securities 10,000

Loss on sale of debt securities 7,000

Net Sales 100,000

Retained earnings July 1, 2019 200,000

Selling expenses 12,000

Ignoring income taxes and earnings per share, prepare an Income Statement (multi-step), Comprehensive Income Statement, Statement of Retained Earnings

. Be sure to include line descriptions for Gross profit and Income from operations, and include headings, dollar signs and underlines as appropriate. You may abbreviate line descriptions

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