The following information for the year ending December 31, 2008, has been provided for
Rexburg Company.
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $470,000
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 287,000
Foreign translation adjustment (net of income taxes) . . . . . . . . . 43,000 (Cr.)
Selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72,100
Extraordinary gain (net of income taxes) . . . . . . . . . . . . . . . . . . . 41,200
Correction of inventory error (net of income taxes) . . . . . . . . . . . 29,720 (Cr.)
General and administrative expenses . . . . . . . . . . . . . . . . . . . . . . 61,240
Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,500
Gain on sale of investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,300
Proceeds from sale of land at cost . . . . . . . . . . . . . . . . . . . . . . . . . 78,000
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,900
Instructions:
Prepare a statement of comprehensive income for Rexburg Company.