I only need the the answer to the lower short question of the division changed to 75,000 and sales securities changed to 100,000 into those blanks. thanks
7 8 9 After you have completed P14-9, consider the additional question. 50 1. Assume that the Puzzles Division loss from sale of the division changed to $75,000 and the unrealized gain on available for sale securities also changed to $100,000. Show the impact of these changes on the statement of comprehensive income. 51 52 53 54 1 P14-9 Prepare a statement of comprehensive income 2 3. The ledger of Jaime Corporation at December 31, 2017, contains the following summary data. 4 11 5 Net sales $1,700,000 Cost of goods sold $1,100,000 6 Selling expenses 120,000 Administrative expenses 150,000 7 Other revenues and gai 20,000 Other expenses and losses 28,000 8 Your analysis reveals the following additional information that is not included in the above data. 01. The entire Puzzles Division was discontinued on August 31. The income from operations for this division before income taxes was $20,000. The Puzzles Division was sold at a loss of 2 $90,000 before income taxes. 3.2. The company had an unrealized gain on available-for-sale securities of $120,000 before income taxes for the year. 5 3. The income tax rate on all items is 25%. 6 7 Instructions 3. Prepare a statement of comprehensive income for the year ended December 31, 2017 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". 4 F G H E D B JAIME CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2017 21 22 23 24 25 26 27 28 29 30 31 32 33 $1,700,000 1,100,000 600,000 270,000 330,000 $20,000 -28,000 -8,000 322,000 80,500 241,500 34 35 36 37 38 39 40 Net sales Cost of goods sold Gross Profit Selling and administrative expenses Income from operations Other revenues and gains Other expenses and losses Income before income taxes Income tax expense Income from continuing operations Discontinued operations Income from operations of discontinued division, net of $5,000 income taxes Loss from disposal of discontinued division, net of $22,500 tax savings Net income Unrealized gain on available for sale securities, net of $30,000 income tax income taxes Comprehensive income 15,000 -67,500 -52,500 189,000 41 42 43 90,000 $279,000 45