The accountant of ABC Corporation has compiled the following information from the company's records for the year ended December 31, 2019 Interest revenue Interest expense Unrealized gain on non trading equity securities, net of tax Selling expenses Income tax rate Administrative expenses Cost of goods sold Net sales Cash dividends declared gain on sale of plant assets Loss on discontinued operations, net of tax Allocation to non controlling interest Loss on disposal of discontinued operations, net of tax Instructions Prepare a comprehensive income statement using the combined statement approach 30,000 20,000 34,000 143,000 40 185,000 530,000 19,000 17,000 12,000 4,000 5,000 The accountant of ABC Corporation has compiled the following information from the company's records for the year ended December 31, 2019 30,000 20,000 34,000 143,000 40 Interest revenue Interest expense Unrealized gain on non trading equity securities, net of tax Selling expenses Income tax rate Administrative expenses Cost of goods sold Net sales Cash dividends declared gain on sale of plant assets Loss on discontinued operations, net of tax Allocation to non controlling interest Loss on disposal of discontinued operations, net of tax 185,000 530,000 1,000,000 19,000 17,000 12,000 4,000 5,000 Instructions Prepare a comprehensive income statement using the combined statement approach

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The accountant of ABC Corporation has compiled the following information from the company's records for the year ended December 31, 2019. Interest revenue Interest expense

The accountant of ABC Corporation has compiled the following information from the company's records for the year ended December 31, 2019.

Interest revenue

Interest expense

Unrealized gain on non-trading equity securities, net of tax

Selling expenses

Income tax rate

Administrative expenses

Cost of goods sold

Net sales

Cash dividends declared

gain on sale of plant assets

Loss on discontinued operations, net of tax

Allocation to non-controlling interest

Loss on disposal of discontinued operations, net of tax

Instructions

Prepare a comprehensive income statement using the combined statement approach.

30,000

20,000

34,000

143,000

40%

185,000

530,000

19,000

17,000

12,000

4,000

5,000

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The accountant of ABC Corporation has compiled the following information from the company's records for the year ended December 31, 2019. 30,000 20,000 34,000 143,000 40% Interest revenue Interest expense Unrealized gain on non-trading equity securities, net of tax Selling expenses Income tax rate Administrative expenses Cost of goods sold Net sales Cash dividends declared gain on sale of plant assets Loss on discontinued operations, net of tax Allocation to non-controlling interest Loss on disposal of discontinued operations, net of tax 185,000 530,000 1,000,000 19,000 17,000 12,000 4,000 5,000 Instructions Prepare a comprehensive income statement using the combined statement approach