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Actimony Ltd. has the following balances in its general ledger on 31 December 20x8 (in thousands of Canadian dollars) Debit Credit 146.ee 24,00 5840 8.60
Actimony Ltd. has the following balances in its general ledger on 31 December 20x8 (in thousands of Canadian dollars) Debit Credit 146.ee 24,00 5840 8.60 1,65 2.51 3.60 Retained earnings, 31 December zax7 Sales revenue Interest expense Cost of sales Accumulated other comprehensive income, 31 December 24x7 Dividends paid Foreign currency gains and losses on zexs transactions Income tax expense Selling and administrative expense Amortization on furniture and fixtures for 7X Write-off of obsolete inventory Impairment of tangible capital assets Additional contributed capital Loss on redemption of long-term debt Unrealized foreign currency translation loss on sell sustaining U.S. subsidiary for 20x8, net of $154 incone tax 1,428 4. 1.350 590 1.ee 20,000 234 586 Required: Prepare a statement of income and comprehensive income (Enter answers in thousands, not in whole Canadian dollar) Sales revenue Cost of sales Gross profit Operating expenses: Selling and administrative Amortization Inventory write-down Interest expense Impairment of tangible capital assets Loss from operations Other income (expense): Income tax expense Contribution margin on sales Other Comprehensive Income: Earnings attributable to common shareholders
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