Exercise 4 15 Pharoah Corporation reported the following for 2017 net sales $1,222,800, cost of goods sold $734,300, selling and administrative expenses $322,600, and an unrealized holding gain on available for sale securities $16,000 Prepare a statement of comprehensive income using one statement format (Ignore income taxes and earnings per share ) PHAROAH CORPORATION Statement of Comprehensive Income December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017 Cost of Goods SoldOther Comprehensive Income Unrealized Holding GainComprehensive IncomeNet SalesGross Profit (Loss)Net Income (Loss)Selling and Administrative Expenses $ Cost of Goods SoldSelling and Administrative ExpensesGross Profit (Loss)Net Income (Loss)Other Comprehensive Income Unrealized Holding GainComprehensive IncomeNet Sales Other Comprehensive Income Unrealized Holding GainSelling and Administrative ExpensesComprehensive IncomeGross Profit (Loss)Net SalesCost of Goods SoldNet Income (Loss) Cost of Goods SoldGross Profit (Loss)Comprehensive IncomeNet Income (Loss)Net SalesSelling and Administrative ExpensesOther Comprehensive Income Unrealized Holding Gain Selling and Administrative ExpensesNet Income (Loss)Gross Profit (Loss)Cost of Goods SoldOther Comprehensive Income Unrealized Holding GainComprehensive IncomeNet Sales Gross Profit (Loss)Other Comprehensive Income Unrealized Holding GainComprehensive IncomeNet SalesCost of Goods SoldSelling and Administrative ExpensesNet Income (Loss) Gross Profit (Loss)Selling and Administrative ExpensesNet Income (Loss)Other Comprehensive Income Unrealized Holding GainComprehensive IncomeCost of Goods SoldSales Revenue $ Prepare a statement of comprehensive income, using the two statement format (Ignore income taxes and earnings per share ) PHAROAH CORPORATION Income Statement December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017 Comprehensive IncomeCost of Goods SoldDividendsGross Profit (Loss)Net Income (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues $ Comprehensive IncomeCost of Goods SoldDividendsGross Profit (Loss)Net Income (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues Comprehensive IncomeCost of Goods SoldDividendsGross Profit (Loss)Net Income (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues Comprehensive IncomeCost of Goods SoldDividendsGross Profit (Loss)Net Income (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues Comprehensive IncomeCost of Goods SoldDividendsGross Profit (Loss)Net Income (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues $ PHAROAH CORPORATION Comprehensive Income Statement December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017 Comprehensive IncomeCost of Goods SoldDividendsGross Profit (Loss)Net Income (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues $ Comprehensive IncomeCost of Goods SoldDividendsGross Profit (Loss)Net Income (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues Comprehensive IncomeCost of Goods SoldDividendsGross Profit (Loss)Net Income (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues $

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Exercise 4-15 Pharoah Corporation reported the following for 2017: net sales $1,222,800, cost of goods sold $734,300, selling and administrative expenses $322,600, and an unrealized

Exercise 4-15

Pharoah Corporation reported the following for 2017: net sales $1,222,800, cost of goods sold $734,300, selling and administrative expenses $322,600, and an unrealized holding gain on available-for-sale securities $16,000.

Prepare a statement of comprehensive income using one statement format. (Ignore income taxes and earnings per share.)

PHAROAH CORPORATION Statement of Comprehensive Income December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017
Cost of Goods SoldOther Comprehensive Income Unrealized Holding GainComprehensive IncomeNet SalesGross Profit / (Loss)Net Income / (Loss)Selling and Administrative Expenses		$
Cost of Goods SoldSelling and Administrative ExpensesGross Profit / (Loss)Net Income / (Loss)Other Comprehensive Income Unrealized Holding GainComprehensive IncomeNet Sales
Other Comprehensive Income Unrealized Holding GainSelling and Administrative ExpensesComprehensive IncomeGross Profit / (Loss)Net SalesCost of Goods SoldNet Income / (Loss)
Cost of Goods SoldGross Profit / (Loss)Comprehensive IncomeNet Income / (Loss)Net SalesSelling and Administrative ExpensesOther Comprehensive Income Unrealized Holding Gain
Selling and Administrative ExpensesNet Income / (Loss)Gross Profit / (Loss)Cost of Goods SoldOther Comprehensive Income Unrealized Holding GainComprehensive IncomeNet Sales
Gross Profit / (Loss)Other Comprehensive Income Unrealized Holding GainComprehensive IncomeNet SalesCost of Goods SoldSelling and Administrative ExpensesNet Income / (Loss)
Gross Profit / (Loss)Selling and Administrative ExpensesNet Income / (Loss)Other Comprehensive Income Unrealized Holding GainComprehensive IncomeCost of Goods SoldSales Revenue		$

Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.)

PHAROAH CORPORATION Income Statement December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017
Comprehensive IncomeCost of Goods SoldDividendsGross Profit / (Loss)Net Income / (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues		$
Comprehensive IncomeCost of Goods SoldDividendsGross Profit / (Loss)Net Income / (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues
Comprehensive IncomeCost of Goods SoldDividendsGross Profit / (Loss)Net Income / (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues
Comprehensive IncomeCost of Goods SoldDividendsGross Profit / (Loss)Net Income / (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues
Comprehensive IncomeCost of Goods SoldDividendsGross Profit / (Loss)Net Income / (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues		$

PHAROAH CORPORATION Comprehensive Income Statement December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017
Comprehensive IncomeCost of Goods SoldDividendsGross Profit / (Loss)Net Income / (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues		$
Comprehensive IncomeCost of Goods SoldDividendsGross Profit / (Loss)Net Income / (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues
Comprehensive IncomeCost of Goods SoldDividendsGross Profit / (Loss)Net Income / (Loss)Net SalesOther Comprehensive Income Unrealized Holding GainRetained Earnings, January 1Retained Earnings, December 31Selling and Administrative ExpensesTotal ExpensesTotal Revenues		$