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please make an income statement and statemenr of comprehensive income with values. Wildhorse Limited reported the following selected information for the year ended March 31,
please make an income statement and statemenr of comprehensive income with values.
Wildhorse Limited reported the following selected information for the year ended March 31, 2021: $8,000 $5,000 7,000 Interest expense Loss on discontinued operations Rent revenue 11,000 2,000 38,000 Advertising expense Cash dividends-common Depreciation expense Fees earned Gain on disposal of equipment Holding loss on equity investments Income tax payable 55,000 23,000 Retained earnings. April 1, 2020 1.800 Telephone expense 10,000 3,000 7,800 The company's income tax rate is 30%. The company reports gains and losses on its equity investments as other comprehensive income. Prepare an income statement and a separate statement of comprehensive income for Wildhorse Limited. WILDHORSE LIMITED Step by Step Solution
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