Question 2 (18 Marks) Purchases (gross) Cash Purchases Returns and allowance Purchases Discount Accounts Receivable Rent Revenue Retained Earnings Salaries Payable Sales Notes receivable Accumulated Depreciation Machinery Accounts Payable Sales Discount Sales Return and allowances Loss due to flood damage Selling expenses Delivery expenses Administrative salaries Insurance Expense 0 BEST BUYS DISTRIBUTERS INC TRIAL BALANCE NOVEMBER 30 2022 850,725 Depreciation - sales equipment 94,700 Depreciation - machinery 17,225 Common Stock 16,227 Write off of Goodwill 82,900 Dividend Declared on Common stock 24,000 Dividend declared on preferred stock Loss on disposal of furniture division net of tax 162,377 22,312 Equipment 1,563,247 Bonds payable 115,000 Gain on sale of machine 37,500 Accumulated depreciation - building 82,000 Building 36,450 Depreciation -building 25,800 Dividend Revenue 157,226 Bond Interest Expense Operating loss on Furniture division 196,548 net of tax 156,000 Foreign exchange gain 271,369 Inventory December 01, 2021 72,000 15,000 34,200 450,000 51,000 26,000 15,000 45,000 658,470 160,000 26,750 Additional Information All the above accounts had their normal debit or cdit balances. This is a partial Trial Balance and therefore total debits and credits do not equal zero (0) The inventory balance at November 30, 2022 is $86,275. The company's Income tax rate is 25% Assume that all income items are fully taxable or deductible for income tax purposes. There are 120,000 ordinary shares outstanding. 140,000 750,000 22,000 62,500 16,000 51,300 9,000 75,000 Required Prepare a statement of Comprehensive Income for 2022 in good form including the computation of the basic EPS. (Marks 18)

Question 2 (18 Marks) Additional Information - All the above accounts had their normal debit or chedit balances. - This is a partial Tritit Bilance and therefore total debits and credits do not equal zero (0) - The inventory bulance at November 30,2022 is 586,275 . The company's hacome tax rato is 25% Assume that all income items uro fully tixable or deductible for inceme tax purposes. - There are 120,000 ordinary shares outstanding. Reguired Prepare a statement of Comprehensive lncome for 2022 in good form including the pornputation of the basic EPS. (Mirks 18)