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- Kline Corporation has taken the following information from the accounting records on December 31, 2018. Gross sales revenue $1,721,500 Income tax expense 48,000 Miscellaneous

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- Kline Corporation has taken the following information from the accounting records on December 31, 2018. Gross sales revenue $1,721,500 Income tax expense 48,000 Miscellaneous selling expense 18,900 Sales salaries expense 230,000 Cost of goods sold 1,270,500 Interest expense 23,000 Interest revenue Sales returns and allowances 6,000 Office supplies expense 5,550 Administrative salaries expense 70,950 Required: Prepare an statement of comprehensive income, in good form, for the year ended December 31, 2018. Assume that there are 50,000 shares of capital stock outstanding. (100%) 6,500

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