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The accountant of Novak Shoe has compiled the following information from the company's records as a basis for an income statement for the year
The accountant of Novak 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 37,120 Interest expense 23,040 Unrealized gain on equity securities designated at fair value through other comprehensive income, net of tax 39,680 Selling expenses 179,200 Income tax 39,168 Administrative expenses Cost of goods sold Net sales 231,680 660,480 1,254,400 Cash dividends declared Loss on sale of plant assets There were 20,000 ordinary shares outstanding during the year. 20,480 19,200 (b) Prepare a comprehensive income statement using the two statement approach. Round earnings per share to 2 decimal places... 1.48) NOVAK SHOE Income Statement NOVAK SHOE Comprehensive Income Statement
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