each equity account and in total equity for the period. Enhanced Review and Practice Go online for multiple-choice questions with solutions, review exercises with solution and a full glossary of all key terms. actice Problem resented below are income statement items from Braun Company for the year ended ecember 31, 2022. Sales revenue $2,700,000 Cost of goods sold 1,150,000 Interest revenue 15,000 Loss from abandonment of plant assets 45,000 Gain from extinguishment of debt 28,000 Selling and administrative expenses 480,000 Effect of change in estimated useful lives of fixed assets 35,000 Loss from earthquake 30,000 Gain on disposal of discontinued operation 50,000 structions a. Using the information above, prepare an income statement. Assume a tax rate of 30% and 100,000 ordinary shares outstanding during 2022. b. Compute comprehensive income for Braun in 2022, assuming Braun had an unrealized holding loss on non-trading equity securities of $12,000, net of tax