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The ledger of Kingbird Limited at December 31, 2020, contains the following summary data. Your analysis reveals the following additional information that is not included
The ledger of Kingbird Limited at December 31, 2020, contains the following summary data. Your analysis reveals the following additional information that is not included in the above data. 1. The entire puzzles division was discontinued on August 31. The income from operations for this division before income taxes was 18,000. The puzzles division was sold at a loss of 88,800 before income taxes. 2. The company had an unrealized gain on non-trading securities of 144,000 before income taxes for the year. 3. The income tax rate on all items is 30%. Prepare a statement of comprehensive income for the year ended December 31, 2020. KINGBIRD LIMITED Statement of Comprehensive Income f
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