In its income statement for the year ended December 31, 2022, Bramble Corp. reported the following condensed data.Prepare a comprehensive income statement.Operating expenses $ 721,000 Interest revenue $ 34,000Cost of goods sold 1,258,000 Loss on disposal of plant assets 19,000Interest expense 71,000 Net sales 2,201,000Income tax expense 47,000 Other comprehensive income (net of $1,200 tax) 8,500

Comprehensive income: It is the statement of income which has a detail of all the revenues that the…

Answered: In its income statement for the year…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter1: Introduction To Business Activities And Overview Of Financial Statements And The Reporting Process

Section: Chapter Questions

Problem 23E

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In its income statement for the year ended December 31, 2022, Bramble Corp. reported the following condensed data.
Prepare a comprehensive income statement.

Operating expenses	$ 721,000	Interest revenue	$ 34,000
Cost of goods sold	1,258,000	Loss on disposal of plant assets	19,000
Interest expense	71,000	Net sales	2,201,000
Income tax expense	47,000	Other comprehensive income (net of $1,200 tax)	8,500

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