In its income statement for the year ended December 31, 2022, Larkspur, Inc. reported the following condensed data. Operating expenses - $717,000 Cost of goods sold - 1,253,000 Interest expense - 68,000 Income tax expense - 42,000 Interest revenue - $31,000 Loss on disposal of plant assets - 14,000 Net sales - 2,197,000 Other comprehensive income (net of $1,200 tax) - 8,000 Prepare a comprehensive income statement:
In its income statement for the year ended December 31, 2022, Larkspur, Inc. reported the following condensed data. Operating expenses - $717,000 Cost of goods sold - 1,253,000 Interest expense - 68,000 Income tax expense - 42,000 Interest revenue - $31,000 Loss on disposal of plant assets - 14,000 Net sales - 2,197,000 Other comprehensive income (net of $1,200 tax) - 8,000 Prepare a comprehensive income statement:
Chapter4: Operating Activities: Sales And Cash Receipts
Section: Chapter Questions
Problem 1.5C
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In its income statement for the year ended December 31, 2022, Larkspur, Inc. reported the following condensed data.
Operating expenses - $717,000
Cost of goods sold - 1,253,000
Interest expense - 68,000
Income tax expense - 42,000
Interest revenue - $31,000
Loss on disposal of plant assets - 14,000
Net sales - 2,197,000
Other comprehensive income (net of $1,200 tax) - 8,000
Prepare a comprehensive income statement:
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