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From the below given particular of Silver Ore Company, you are required to prepare statement of Comprehensive Income for the period ended 31 December 2021?

From the below given particular of Silver Ore Company, you are required to prepare statement of Comprehensive Income for the period ended 31 December 2021?

Sales of silver. $2,200,000

Sales of other minerals. 400,000

Cost of minerals sold. 800,000

office salaries and wages. 200,000

Utilities expenses $ 40,000

supplies exp. $20,000

Depreciation on office equipment $2,000

sales exp $50,000

Advertisement $25,000

income tax. $220,000

gain on sale of medicinal herbs found during drilling (income tax @ 20%). $70,000

gain on foregin currency transactions $20,000

loss on revaluation of PPE. $35,000

profit include gain on disposal food during the year $150,000

Income tax on disposal of food processing unit. 37500

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