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(TCO C) Solar Power Inc. had the following transactions during 2105. Sales revenue $15,000 Equipment rental revenue 420 Cost of sales 6,200 Selling and administrative
(TCO C) Solar Power Inc. had the following transactions during 2105.
Sales revenue | $15,000 |
Equipment rental revenue | 420 |
Cost of sales | 6,200 |
Selling and administrative expenses | 3,500 |
Interest expense | 560 |
Gain on sale of old machinery | 210 |
Unrealized gain on available for sale securities | 156 |
(A) Prepare multi-step income statement of Solar Power Inc. assuming income tax rate applicable to Solar Power is 30%.
(B) Compute comprehensive income.
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