E4-15

186 Chapter 4 Income Slaterient anu Hllaio Instructions (a) what is Marke's net income in 2017? Assume a 35% tax rate in all years. (b) Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing. ie) Show comparative income statements for Tim Matke Company, beginning with income before income tax, as pre- sented on the 2017 income statement. E4-15 (LO3,7 (Comprehensive Income) Roxanne Carter Corporation reported the following for 2017: net sales $1,200,000 cost of goods sold $750,000, selling and administrative expenses $320,000, and an unrealized holding gain on available-for-sale securities $18,000 Instructions Prepare a statement of comprehensive income, using (a) the one statement format, and (b) the two statement format. (Ilgnore income taxes and earnings per share.) E4-16 (L06,7) (Comprehensive Income) C Reither Co. reports the following information for 2017: sales revenue $700,000, cost of goods sold $500,000, operating expenses $80,000, and an unrealized holding loss on available-for-sale securities for 2017 of $60,000. It declared and paid a cash dividend of $10,000 in 2017. C. Reither Co has January 1, 2017, balances in common stock 5350,000; accumulated other comprehensive income $80,000; and retained earnings 590,000. It issued no stock during 2017 Instructions Prepare a statement of stockholders' equity