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Sunland Limited reported the following selected information for the year ended March 31, 2021: Advertising expense $5,000 Interest expense $5,100 Cash dividends-common 4,000 Loss on
Sunland Limited reported the following selected information for the year ended March 31, 2021: Advertising expense $5,000 Interest expense $5,100 Cash dividends-common 4,000 Loss on discontinued operations 18.000 Depreciation expense 3,000 Rent revenue 30,000 Fees earned 66,000 Retained earnings, April 1, 2020 15,000 Gain on disposal of equipment 1,100 Telephone expense 8,000 Holding loss on equity investments 3,000 Income tax payable 5,200 The company's income tax rate is 30%. The company reports gains and losses on its equity investments as other comprehensive income. Prepare an income statement and a separate statement of comprehensive income for Sunland Limited. SUNLAND LIMITED Income Statement > $ $ SUNLAND LIMITED Statement of Comprehensive Income ta $ $
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