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Prepare gable statement of comprehensive income for the year

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Reference no: EM132935134

Gable Inc. provided you with the following information for the year ended December 31, 2021:

Sales $ 650,000

Cost of goods sold 490,000

Selling, general, and administrative expenses 73,000

Unrealized holding loss on marketable equity securities 3,000

Dividend revenue 2,000
Interest revenue from available for sale securities 9,000
Realized gain from selling available for sale securities 29,000
Realized loss from selling marketable equity securities 21,000
Reclassification adjustment for gain included in net income 29,000
Unrealized holding gain on available for sale securities 8,000
Income tax expense 22,000

Problem 1: Gable reports its comprehensive income in two separate but consecutive statements. Prepare Gable's statement of comprehensive income for the year ended December 31, 2021.

Reference no: EM132935134

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