See the attached photos to fill the blank space in the last photo. All the filled cells are correct. I just want to know the number for other income and other expenses.
The following are the Year 9 income statements of Kent Corp. and Laurier Enterprises. INCOME STATEMENTS For the year ended December 31, Year 9 Kent Laurier Sales $3, 180, 000 $1, 380, 000 Other income 218, 000 38, 000 Gain on sale of land 118, 000 3, 398, 000 1, 586, 000 Cost of sales 1, 445, 000 605, 000 Selling and administrative expenses 518, 000 318, 000 Other expenses 109, 000 139, 000 Income tax 418, 000 168, 000 2, 490, 000 1, 230, 000 Net income $ 908, 000 $ 356, 000 Additional Information . Kent acquired its 40% interest in the common shares of Laurier in Year 3 at a cost of $843,000 and uses the cost method to account for its investment for internal record keeping. . The changes to acquisition differential schedule pertaining to Kent's 40% interest showed the following write-off for Year 9: Buildings $18, 000 Goodwill impairment loss 22, 000 40, 000 Long-term liabilities 21, 500 Total write-off -Year 9 $18, 500Depreciation expense and goodwill impairment loss are included with selling and administrative expenses. In Year 9, rent amounting to $30,000 was paid by Laurier to Kent. Kent has recorded this as other income. In Year 6, Kent sold land to Laurier and recorded a profit of $93,000 on the transaction. During Year 9, Laurier sold 30% of the land to an unrelated land development company. During Year 9, Laurier paid dividends totalling $107,000. It has been established that Kent's 40% interest would not be considered control in accordance with IFRS. Assume a 40% tax rate. (b) Assume that Laurier is a joint operation. Prepare Kent's income statement for Year 9 using proportionately adjusted financial statements. (Input all amounts as positive values. Omit $ sign in your response.) Kent Corp. Consolidated Income Statement for the Year Ended December 31, Year 9 Sales $ 3732000 Other income 124400 Gain on sale of land 58360 Total Cost of sales 1687000 Selling & admin expenses 685200 Other expenses Income tax 489664 Total Net income $ 995796