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For the fiscal year ending December 31,2023 , Ivanhoe Ltd. reported sales revenue of $7,424,000 and cost of goods sold of $5,706,000. The company had
For the fiscal year ending December 31,2023 , Ivanhoe Ltd. reported sales revenue of $7,424,000 and cost of goods sold of $5,706,000. The company had selling and administrative expenses of $464,000. During the year, the company sold some equipment for a gain of $25,800, and had unrealized holding gains on investments designated as fair value through other comprehensive income (OCI) of $5,000. Prepare a combined statement of comprehensive income. Ignore taxes and earnings per share (EPS)
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