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Question 4 (30 points) All questions must be answered on-line in the space provided. #4 30 marks, suggested time 18 minutes You are presented with
Question 4 (30 points) All questions must be answered on-line in the space provided. #4 30 marks, suggested time 18 minutes You are presented with the following pre-tax amounts and income tax rate for Pine Inc. for the year ended October 31, 2020. In the table provided, complete a multi-step Statement of Comprehensive Income in proper format. There are more rows and accounts provided than needed. Be sure to indicate the after-tax amount of each of: Income from continuing operations Net Income Comprehensive Income . Pre-tax amounts Unrealized holding gain on FV-OCI investment Sales 5,000 500,000 3,000 140,000 Dividends Operating and selling expenses Accumulated Other Comprehensive Income Loss on disposal of discontinued operation Cost of goods sold Retained earnings Income tax rate 12,000 40.000 200,000 42.000 20% oo Format BIU THI Font Statement of Comprehensive Income for the year ended October 31, 2020 Income from continuing operations I Net Income Comprehensive Income
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