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The adjusted trial balance for Blossom Paints Ltd. at December 31, 2024, is presented below. Blossom's income tax rate is 25% and journal entries for

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The adjusted trial balance for Blossom Paints Ltd. at December 31, 2024, is presented below. Blossom's income tax rate is 25% and journal entries for income tax expense have not yet been prepared. There were no common share transactions during the year. Cash dividends-common 14,400 Common shares (17,280 issued) Contributed surplus-reacquisition of common shares 244,800 Cost of goods sold 7.200 Depreciation expense 27,840 Dividends payable 960 Equipment 91,200 Gain on sale of equipment 816 Income tax expense Income tax payable Interest expense Merchandise inventory Office expense 80,122 Other comprehensive income-holding loss on equity irivestment (before income tax) 10,560 Retained earnings - January 1, 2024 Sales Prepare astatement of comprehensive income using the all-inclusive format. Use a multi-step format for the profit or loss section (lignore earnings per share)

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