Question
Problem 18-9A The ledger of Jaime Corporation at December 31, 2017, contains the following summary data. Net sales $1,640,000 Cost of goods sold $1,060,000 Selling
Problem 18-9A The ledger of Jaime Corporation at December 31, 2017, contains the following summary data. Net sales $1,640,000 Cost of goods sold $1,060,000 Selling expenses 118,000 Administrative expenses 149,000 Other revenues and gains 22,000 Other expenses and losses 27,500 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 operation for this division before income taxes was $23,400. The Puzzles Division was sold at a loss of $87,400 before income taxes. 2. The company had an unrealized gain on available-for-sale securities of $118,000 before income taxes for the year. 3. The income tax rate on all items is 24%. Prepare a statement of comprehensive income for the year ended December 31, 2017. JAIME CORPORATION Statement of Comprehensive Income $ $ $
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