In its income statement for the year ended December 31, 2017, Larkspur, Inc. reported the following condensed data. Operating expenses 551,000 Interest revenue Cost of goods sold954,560 Loss on disposal of plant assets Interest expense Income tax expense 35,720 Other comprehensive income (net of $910 tax) $25,080 12,920 1,672,000 6,310 53,200 Net sales Your answer is partially correct. Prepare an income statement. LARKSPUR, INC. Income Statement For the Year Ended December 31, 2017 Net Sales 1,672,000 Cost of Goods Sold 954,560 Gross Profit 717,400 Operating Expenses 551,000 Income From Operations 166400 Other Revenues and Gains Interest Revenue 25,080 Other Expenses and Losses Interest Expense 53,200 Loss on Disposal of Plant Assets 12,920 66120 Income before Income Taxes 75200 Income Tax Expense 53200 Net Income/(Loss) 22000 Your answer is partially correct Prepare a comprehensive income statement. LARKSPUR, INC. Comprehensive Income Statement For the Year Ended December 31, 2017 Net Income/(Loss) 22000 Other Comprehensive Income /(Loss) 6,310 Comprehensive Income/ (Loss) 15690