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The accountant of Bonita Shoe has compiled the following information from the company's records as a basis for an income statement for the year ended
The accountant of Bonita Shoe has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2022. Rent revenue 27,840 Interest expense 17,280 Unrealized gain on equity securities designated at fair value through other comprehensive income, net of tax 29.760 Selling expenses 134,400 Income tax 29,376 Administrative expenses 173,760 Cost of goods sold 495,360 Net sales 940,800 Cash dividends declared 15,360 Loss on sale of plant assets 14,400 There were 20,000 ordinary shares outstanding during the year. BONITA SHOE Statement of Comprehensive Income E
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