Could someone please answer this last question in the highlighted orange in the same format in the yellow? Thanks.
JAIME CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2017 2 3 $1,700,000 1,100,000 600,000 270.000 330,000 D 1 2 3 $20,000 -28,000 -8,000 322,000 80,500 241,500 5 6 7 8 9 30 Net sales Cost of goods sold Gross Profit Selling and administrative expenses Income from operations Other revenues and gains Other expenses and losses Income before income taxes Income tax expense Income from continuing operations Discontinued operations Income from operations of discontinued division, net of $5,000 income taxes Loss from disposal of discontinued division, net of $22,500 tax savings Net income Unrealized gain on available for sale securities, net of $30,000 income tax income taxes Comprehensive income 15,000 -67,500 -52,500 189,000 12 4 15 90,000 $279,000 After you have completed P14-9, consider the additional question. 51 Assume that the Puzzles Division loss from sale of the division changed to $75,000 1 and the unrealized gain on available for sale securities also changed to $100,000. Show the 52 impact of these changes on the statement of comprehensive income. 53 54 2 P14-9 Prepare a statement of comprehensive income The ledger of Jaime Corporation at December 31, 2017, contains the following summary data. $ Net sales $1,700,000 Cost of goods sold $1,100,000 Selling expenses 120,000 Administrative expenses 150,000 Other revenues and ga 20,000 Other expenses and losses 28,000 Your analysis reveals the following additional information that is not included in the above data, 01. The entire Puzzles Division was discontinued on August 31. The income from operations for this division before income taxes was $20,000. The Puzzles Division was sold at a loss of $90,000 before income taxes. 2. The company had an unrealized gain on available-for-sale securities of $120,000 before income taxes for the year. 3. The income tax rate on all items is 25%. Instructions Prepare a statement of comprehensive income for the year ended December 31, 2017 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a