part 1 prepare the statement of comprehensive income using the nature of expense method with supporting notes.

part 2 prepare the statement of comprehensive income using the function of expense method with supporting notes.

The records of ANGEL Merchandising showed the following data for year 2018: Interest income 150,000 Income tax expense 828,000 Salesperson's commission 300,000 Sales returns and allowances 195,000 Freight in 187,500 Purchase returns and allowances 135,000 Sales salaries 525,000 Depreciation - delivery truck 112,500 Sales 9,375,000 Purchase discounts 90.000 Merchandise inventory, December 31 4,350,000 Rent income 225,000 Depreciation - office equipment 112.500 Dividend income 150,000 Doubtful accounts 112,500 Freight out 90,000 Sales discounts 105,000 Purchases 5,475,000 Office salaries 675,000 Loss on sale of equipment 75,000 Faldo 9 2 Depreciation - building 300,000 Merchandise inventory, January 1 3,375,000 Depreciation - store furniture 75,000