Reference no: EM132853837
Problem - This information was taken from the books of XYZ Co. for 2020:
Sales P9,500,000
Interest expense 350,000
Loss on sale of equipment 100,000
Revaluation surplus during 2020 50,000
Cost of goods sold 6,000,000
Bank service charges 150,000
Selling expenses 500,000
Administrative expenses 300,000
Translation gain on foreign operation 100,000
Income tax expense 850,000
Unrecorded 2019 interest on notes payable 100,000
Over-depreciation during 2019 75,000
Required - How much is the total comprehensive income of XYZ for 2020?
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