In its income statement for the year ended December 31, 2020, Swifty Films reported the following condensed data. Operating expenses 756,470 Interest revenue 30,980 Cost of goods sold 1,290,800 19,060 Interest expense 74,760 Loss on disposal of plant assets Net sales Other comprehensive income 2,415,400 8,900 Your answer is partially correct. Prepare an income statement. (List income before expenses. Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses eg. (45).) SWIFTY FILMS Income Statement For the Year Ended December 31, 2020 Net Sales 2.415.400 SWIFTY FILMS Income Statement For the Year Ended December 31, 2020 Net Sales 2415400 Cost of Goods sold 1.200.000 1124600 754.470 368.130 Retained Earnings, December 31, 2020 Comprehensive income to Total Revenues Other income and Expense Net Sales Retained Earnings, January 1, 2020 Drawings Total Expenses Operating Expenses income from Operations Not Income (Loss) Gross Profit Other Comprehensive Income Expenses Los on Disposal of Part Assets 30.480 74,760 45780 19.000 305.290 Niclocom/ SWIFTY FILMS Income Statement For the Year Ended December 31, 2020 Net Sales 2415.400 Cost of Goods Sold 1.200.000 Gres Pront 1.124.800 756-4701 Operating Expenses 366.130 Other Income and Ex Total Revenue 30.950 Interest Expense 74.760 451700 19.50 Loss on Disposal of Plant Awet 30520 Neticame/ Gross Profit 1,124,600 Operating Expenses 756,470 Other Income and Expense 368.130 Total Revenues Interest Expense 30,980 74,760 43.780 19,060 Loss on Disposal of Plant Assets 305.290 Net Income /(Loss) e Textbook and Media List of Accounts SWIFTY FILMS Comprehensive Income Statement For the Year Ended December 31, 2020 Net Income /(Loss) 305,290 Other Comprehensive Income 8.900 i 314.190 Drawings Expenses Gross Profit Net Sales Retained Earnings, January 1, 2020 Net Income /(Loss) Other Income and Expense Retained Earnings, December 31, 2020 Comprehensive Income /(Loss) Total Expenses Income from Operations Operating Expenses 5 Attempts: 1 of 3 used Submit Ans date. Auto- Sa sut Prepare a comprehensive income statement (Enter negative amounts using either a negative sig preceding the number es -45 or parentheses e.g. (45)) SWIFTY FILMS Comprehensive Income Statement For the Year Ended December 31, 2020 Net Income /(Loss) 305,290 Other Comprehensive Income 8.900 314,190 eTextbook and Media List of Accounts