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How much is the comprehensive income

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Reference no: EM133142948

Question - The related data of Jona Company:

Cost of goods sold P 1,875,200

Dividends income 50,000

Income from discontinued operations 28,500

Income tax expense 357,800

Interest income 9,000

Net remeasurement gain 57,600

Sales 3,920,000

Sales discount 30,000

Sales returns and allowances 25,000

Selling and administrative expenses 500,800

Additional information - At the beginning of the year, the entity issued bonds payable with a face amount of P2,000,000 for P1,920,000.

The nominal rate of the bonds is 12% and the entity irrevocably designated the fair value option.

At year-end, the fair value of the bonds payable is P1,985,000 wherein, P30,000 is due to other than credit risk.

Required -

1. How much is the net income?

2. How much is the comprehensive income?

Reference no: EM133142948

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