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Minnies Inc. adjusted trial balance contains the following account balances at December 31, 2015: Cost of goods sold $250,000 Depreciation expense $ 7,000 Loss on
Minnies Inc. adjusted trial balance contains the following account balances at December 31, 2015:
Cost of goods sold $250,000
Depreciation expense $ 7,000
Loss on sale of equipment $ 5,000
Rent expense $12,000
Sales $ 410,000
Sales commissions $ 34,000
Sales discounts $ 22,000
Unrealized decrease in value of available for sale securities $12,000
Income taxes are 30% on all items, and there were 2,000 shares of common stock outstanding during the year.
Required:
Prepare a statement of comprehensive income for 2015.
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