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Prepare in good form a Statement of Comprehensive income for ABC Corp for the calendar year 2014 given the following information: Sales revenue: $250,000 Other

Prepare in good form a Statement of Comprehensive income for ABC Corp for the calendar year 2014 given the following information:

Sales revenue: $250,000

Other revenue-interest: 12,000

Cost of goods sold: 120,000

Operating expenses: 130,000

Dividends paid to shareholders: 15,000

Other revenue/losses:

Gain on sale of collectibles-infrequent but not usual: 12,000

Loss from hurricane-unusual and infrequent event: (18,000)

Decrease in value of available for sale securities: 5,000

ABCs tax rate is 40%

There are 10,000 shares of common stock outstanding throughout 2014.

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