What is the net income for the current year

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Reference no: EM133129742

Question - The following information for the current year of 2005

Sales 8,700,000

Interest income 410,000

Gain on sale of equipment 220,000

Revaluation surplus during the year 2,700,000

Share of profit of associate 540,000

Cost of goods sold 6,080,000

Finance cost 310,000

Distribution costs 506,000

Administrative expenses 208,000

Translation loss on foreign operation 385,000

Income tax expense 880,000

Required -

1. What is the net income for the current year?

2. What is the other comprehensive income?

3. What is the total comprehensive income?

Reference no: EM133129742

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