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Blue Spruce Company Limited reported the following for 2020: sales revenue, $1.12 million; cost of goods sold, $700,000; selling and administrative expenses, $319,000; gain on
Blue Spruce Company Limited reported the following for 2020: sales revenue, $1.12 million; cost of goods sold, $700,000; selling and administrative expenses, $319,000; gain on disposal of building, $278,000; and unrealized gain-OCI (related to FV-OCI equity investments with gains/losses not recycled) $16,000. Assume investments are accounted for as FV-OCI investments, with gains/losses not recycled through net income. Prepare a statement of comprehensive income. Ignore income tax and EPS. Blue Spruce Company Limited Statement of Comprehensive Income Statement of Comprehensive Income Item that will not be reclassified subsequently to net income or loss
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