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Prepare the income statement including comprehensive income

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Reference no: EM132719543

Problem - Anson Industries, Inc., reported the following information on its 20Y1 income statement:

Sales $4,000,000

Cost of goods sold 2,300,000

Operating expenses 1,000,000

Income tax expense 280,000

Other comprehensive income 450,000

Required - Prepare the following for Anson Industries, Inc.:

a. Income statement, including comprehensive income.

b. Income statement and a separate statement of comprehensive income.

Reference no: EM132719543

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