Statement of Comprehensive Income

Prepare year ended December 31, 2020. Problem 4-7 (IFRS) The adjusted trial balance of Lotus Company included the following accounts on December 31, 2020: 9,750,000 Sales Share of profit of associate 150,000 Other income 300,000 Decrease in inventory of finished goods 250,000 Raw materials and consumables used 3,500,000 Employee benefit expense 1,500,000 Translation gain on foreign operation Depreciation 300,000 Impairment loss on property 450,000 Finance cost 800,000 Other expenses 350,000 Income tax expense 450,000 Unrealized gain on option contract designated as cash 900,000 flow hedge Required: 200,000 Prepare a single statement of comprehensive income for the year ended December 31, 2020. 148