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Rodon Inc. reported the following for 2019: Net Sales Revenues $ 770,000 Cost of Goods Sold 420,000 Selling and Admin expenses 154,000 Loss on disposal

Rodon Inc. reported the following for 2019:

Net Sales Revenues $ 770,000

Cost of Goods Sold 420,000

Selling and Admin expenses 154,000

Loss on disposal of equipment (12,000)

Unrealized Gain OCI 9,000

Instructions:

Statement of comprehensive income. Ignore income tax and EPS.Assume Rodon follows IFRS.Note that the loss on equipment sale is not OCI, but an ancillary gain to be included in Net Income.

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