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The following information was taken from the records of Vega SA for the year 2019: income tax applicable to income from continuing operations $119,000, income
The following information was taken from the records of Vega SA for the year 2019: income tax applicable to income from continuing operations $119,000, income tax applicable to loss on discontinued operations $25,500, and unrealized holding gain on non-trading equity securities $15,000, 150,000 500,000 150.000 Gain on sale of plant assets 95,000 Cash dividends declared Loss on discontinued operations 75,000 Inventory, January 1, 2019 Administrative expenses 240,000 Inventory, December 31, 2019 Rent revenue 40,000 Net purchases during 2019 Loss on impairment of land 60,000 Sales revenue Ordinary shares outstanding during 2019 100,000 Selling expenses 500,000 1,700,000 300,000 Instructions Prepare a comprehensive income statement for 2019 using the one statement approach, and report earnings. per share after comprehensive income. Note: insert more than 25 rows
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