Question
Selected account balances from the adjusted trial balance for Harbor Corp. as of its calendar year-end December 31, 2011, follow. a. Accumulated depreciation buildings 400,000
Selected account balances from the adjusted trial balance for Harbor Corp. as of its calendar year-end December 31, 2011, follow.
a. | Accumulated depreciation buildings | 400,000 |
b. | Interest revenue | 20,000 |
c. | Net sales | 2,640,000 |
d. | Income taxes expense | 12,000 |
e. | Accumulated depreciation equipment | 220,000 |
f. | Other operating expenses | 328,000 |
g. | Depreciation expense - Equipment | 100,000 |
h. | Gain from settlement of lawsuit | 68,000 |
i. | Loss on sale of equipment | 24,000 |
j. | Loss from discontinued operations | 120,000 |
k. | Depreciation expense buildings | 156,000 |
l. | Cost of goods sold | 1,040,000 |
m. | Accounts payable | 132,000 |
n. | Exchange gain on translating foreign operations | 10,000 |
Required
Prepare its statement of comprehensive income for calendar year 2011. (Ignore the earnings per share section.)
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