P14-9 Prepare a statement of comprehensive income
The ledger of Jaime Corporation at December 31, 2017, contains the following summary data.
Net sales			$1,700,000		Cost of goods sold			$1,100,000
Selling expenses			120,000		Administrative expenses			150,000
Other revenues and gains			20,000		Other expenses and losses			28,000
Your analysis reveals the following additional information that is not included in the above data.
1. The entire Puzzles Division was discontinued on August 31. The income from operations for
this division before income taxes was $20,000. The Puzzles Division was sold at a loss of
$90,000 before income taxes.
2. The company had an unrealized gain on available-for-sale securities of $120,000 before
income taxes for the year.
3. The income tax rate on all items is 25%.
Instructions
Prepare a statement of comprehensive income for the year ended December 31, 2017.
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" .

	JAIME CORPORATION
	Statement of Comprehensive Income
	For the Year Ended December 31, 2017
	Net sales						Value
	Cost of goods sold						Value
	Gross Profit						?
	Selling and administrative expenses						Value
	Income from operations						?
	Other revenues and gains					Value
	Other expenses and losses					Value	?
	Income before income taxes						?
	Income tax expense						?
	Income from continuing operations						?
	Discontinued operations
	Income from operations of discontinued
	division, net of $5,000 income taxes					?
	Loss from disposal of discontinued
	division, net of $22,500 tax savings					?	?
	Net income						?
	Unrealized gain on available for sale securities,
	net of $30,000 income tax
	income taxes						?
	Comprehensive income						?