QUESTION 5: STATEMENT OF COMPREHENSIVE INCOME The following information relates to Cyclone Ltd for the period ended 30 June 2015 Sales $2,130,500 Cost of goods sold $628,500 Gain from sale of office fixtures $1,400 Advertising $65,000 $100,000 Sales staff salaries expense $80,000 Sales staff vehicle expense Rates expense $9,000 Insurance expense $10,600 $131,200 Administrative staff salaries expense $1,000 Interest expense Stationery expense $2,000 Lease expense of photocopier $3,500 Additional information Equity balances as at 30 June 2014 were as follows: Share capital $592,000 $43,000 General reserve $67,000 Asset revaluation surplus Retained earnings (8 MARKS)