Comprehensive Income Statement
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.