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Carla Vista Limited reported the following selected information for the year ended March 31, 2021: Advertising expense $9,000 Interest expense $6,000 Cash dividends-common 6,000 Loss
Carla Vista Limited reported the following selected information for the year ended March 31, 2021: Advertising expense $9,000 Interest expense $6,000 Cash dividends-common 6,000 Loss on discontinued operations 19,000 Depreciation expense 4,000 Rent revenue 35,000 Fees earned 59,000 Retained earnings, April 1, 2020 17,000 1,000 Telephone expense 10,000 Gain on disposal of equipment Holding loss on equity investments 3,000 Income tax payable 6,700 The company's income tax rate is 30%. The company reports gains and losses on its equity investments as other comprehensive income. Prepare an income statement and a separate statement of comprehensive income for Carla Vista Limited. CARLA VISTA LIMITED Income Statement $ > A > A CARLA VISTA LIMITED Statement of Comprehensive Income
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