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The following information was taken from the records of Sheffield Inc, for the year 2020: Income tax applicable to income from continuing operations $ 209.440;

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The following information was taken from the records of Sheffield Inc, for the year 2020: Income tax applicable to income from continuing operations $ 209.440; income tax applicable to loss on discontinued operations $ 28,560, and unrealized holding gain on available-for-sale securities (net of tax) $ 16,800. $ 168,000 $ 106,400 2.400,000 Gain on sale of equipment Loss on discontinued operations Administrative expenses 84,000 Cash dividends declared Retained earnings January 1, 2020 Cost of goods sold Selling expenses 952,000 268,800 336,000 Rent revenue 44.800 2,128,000 Sales Revenue 67,200 Loss on write-down of inventory Shares outstanding during 2020 were 100.000 Prepare a comprehensive income statement for 2020, using the two statement format. SHEFFIELD INC. Comprehensive Income Statement V $

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