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help!! there are columns that I couldn't answer Acrimony Ltd. has the following balances in its general ledger on 31 December 20x8 (in thousands of
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Acrimony Ltd. has the following balances in its general ledger on 31 December 20x8 (in thousands of Canadian dollars) Debit Credit $ 40,000 18,600 $ 780 8,000 1,350 2,000 3,000 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 capital 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 1,050 530 970 18,000 670 496 Prepare a statement of income and comprehensive income. (Enter answers in thousands, n X Answer is not complete. ACRIMONY LIMITED Statement of Comprehensive Income Year ended 31 December 20X8 (thousands of Canadian dollars) Sales revenue Cost of sales Gross profit Operating expenses Selling and administrative 3.400 Amortization 1.050 Inventory write-down 530 Impairment of tangible capital assets 970 $ 18,000 8,000 10,000 $ 4050 Earnings from operations Other income (expense) Farainn currenc naine non 7 530 Inventory write down Impairment of tangible capital assets 970 $ 4,050 Earnings from operations Other income (expense). Foreign currency gains Interest expense Loss on redemption of long-term debt $ 3,000 780 670 1.120 Net income before income tax Income tax expense Net Income after tax Other Comprehensive Income Translation loss on U.S subsidiary Less: Income tax Comprehensive income 620 124 there are columns that I couldn't answer
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