Reed Geophysical Inc. Statement of Income For the year ended December 31, 2018 Revenue 11,000,000 Cost of sales Purchases this should be subtracted 7,500,000) Gross Profit 3,500,000 Other income 40,000 Expenses Administrative expenses (800,000) Distribution costs (900,000) Total 1,840,000 Finance costs (90,000) Total Profit before taxes 1,750,000 Income tax expense 600,000 Profit for the year 1,150,000 Reed Geophysical Inc. Statement of Comprehensive Income For the year ended December 31, 2018 (in $) Profit for the year 1,150,000 Other comprehensive income/loss Change in currency Translation Decrease in property valuation Total other comprehensive income/loss for the year Total Comprehensive income