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STANDARD VIEW PRINIERVEHSION BACK NEX Exercise 4-15 Roxanne Carter Corporation reported the following for 2017: net sales $1,200,000, cost of goods sold $750,000, selling and administrative expenses $320,000, and an unrealized holding gain on available-for-sale securities $18,000 Prepare a statement of comprehensive income using one statement format. (Ignore income taxes and earnings per share.) ROXANNE CARTER CORPORATION Statement of Com e Income 1146P 9/13/20 10e图自
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ROXANNE CARTER CORPORATION
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Question & Answer: STANDARD VIEW PRINIERVEHSION BACK NEX Exercise 4-15 Roxanne Carter Corporation reported the following for 2017…..
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Statement of Comprehensive Income
For the Year Ended December 31, 2017
| Sales revenue | $1,200,000 |
| Cost of goods sold | $750,000 |
| Gross profit | $450,000 |
| Selling and administrative expenses | $320,000 |
| Net income | $130,000 |
| Unrealized holding gain | $18,000 |
| Comprehensive income | $148,000 |
ROXANNE CARTER CORPORATION
Income Statement
For the Year Ended December 31, 2017
| Sales | $1,200,000 |
| Cost of goods sold | $750,000 |
| Gross profit | $450,000 |
| Selling and administrative expenses | $320,000 |
| Net income | $130,000 |
| Comprehensive Income | |
| Net income | $130,000 |
| Unrealized holding gain | $18,000 |
| Comprehensive income | $148,000 |
