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P 2-4 LO2 Statement of Comprehensive Income Preparation Listed below are the results of Rulon Candies' operations for 2016 and 2017. (Assume 4,000 shares
P 2-4 LO2 Statement of Comprehensive Income Preparation Listed below are the results of Rulon Candies' operations for 2016 and 2017. (Assume 4,000 shares of outstanding stock for both years.) Service revenue.. Utilities expenses 2017 2016 $185,000 $265,000 15,000 8,500 115,000 110,000 Employee salaries. Advertising expenses. Income tax expense. Interest expense Interest revenue. Required: 1. 2. 10,000 20,000 9,000 36,500 25,000 15,000 10,000 10,000 Prepare a comparative statement of comprehensive income for Rulon Candies, Inc., for the years ended December 31, 2017, and 2016. Be sure to include figures for gross margin, operating income, income before taxes, net income, and earnings per share. Ignore other comprehensive income. Interpretive Question: What advice would you give Rulon Candies, Inc., to improve its profitability for the year 2018?
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