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The following is information regarding the trial balance from PT Voyager for 2022. Sales profit from building $95,000 Loss from closed operations $75,000 Administrative Expenses
The following is information regarding the trial balance from PT Voyager for 2022.
Sales profit from building $95,000 Loss from closed operations $75,000 Administrative Expenses $240,000 Rent Income $40,000 Impairment loss on land $60,000 Cash Dividend Declared $150,000 Retained Earnings, January 1, 2022 $600,000 Cost of Goods Sold $850,000 Selling Expenses $300,000 Revenue $1,700,000
The income tax rate for 2022 is 22%. In addition, there was an unrealized holding gain on non-trading equity securities of $15,000, net of tax. There are ordinary shares outstanding of 100,000. There is a sales return of $250,000.
Prepare a statement of income and other comprehensive income for the period ending 2022 in the correct format! please write step by step so i can learn it, thank u.
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