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help! Acrimony Ltd has the following balances in its general ledger on 31 December 20X8 (in thousands of Canadian dollars) Debit credhe $ 40,000 10.000
help! Acrimony Ltd has the following balances in its general ledger on 31 December 20X8 (in thousands of Canadian dollars) Debit credhe $ 40,000 10.000 $ 780 8,80e 1,35e 2.ee 3,880 Retained earnings, 31 December 20x7 Sales revenue Interest expense Cost of sales Accumulated other comprehensive income, 31 December 20x7 Dividends paid Foreign currency gains and losses on 20x8 transactions Income tax expense Selling and administrative expense Amortization on furniture and fixtures for 20x8 Write-off of obsolete inventory Impairment of tangible capital assets Additional contributed capitol Loss on redemption of long-term debt Unrealized foreign currency translation loss on self-sustaining u.s. subsidiary for 20x8, net of $124 income tax 1,120 3,480 1,050 530 978 18,000 670 496 Required: Prepare a statement of income and comprehensive income. (Enter answers in thousands, not in whole Canadian dollar.) ACRIMONY LIMITED Statement of Comprehensive Income Year ended 31 December 20X8 (thousands of Canadian dollars) Operating expenses. Other income (expense) Other Comprehensive Income
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