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Skysong plc reports the following information for 2022: sales revenue 776,200, cost of goods sold 517,000, operating expenses 90,200, and an unrealized holding loss
Skysong plc reports the following information for 2022: sales revenue 776,200, cost of goods sold 517,000, operating expenses 90,200, and an unrealized holding loss on equity securities designated at fair value through other comprehensive income for 2020 of 60,700. It declared and paid a cash dividend of 12,430 in 2022. Skysong plc has January 1, 2022, balances in share capital-ordinary 369.200; accumulated other comprehensive income related to the unrealized holding gain of 88,300; and retained earnings 98,980. It issued no ordinary shares during 2022. Ignore income taxes.
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