In its income statement for the year ended December 31, 2022, Bramble Corp. reported the following condensed data. Prepare a comprehensive income statement. Operating expenses $ 721,000 Interest revenue $ 34,000 Cost of goods sold 1,258,000 Loss on disposal of plant assets 19,000 Interest expense 71,000 Net sales 2,201,000 Income tax expense 47,000 Other comprehensive income (net of $1,200 tax) 8,500

In its income statement for the year ended December 31, 2022, Bramble Corp. reported the following condensed data. Prepare a comprehensive income statement. Operating expenses $ 721,000 Interest revenue $ 34,000 Cost of goods sold 1,258,000 Loss on disposal of plant assets 19,000 Interest expense 71,000 Net sales 2,201,000 Income tax expense 47,000 Other comprehensive income (net of $1,200 tax) 8,500

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 19BEA

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Operating expenses	$ 721,000	Interest revenue	$ 34,000
Cost of goods sold	1,258,000	Loss on disposal of plant assets	19,000
Interest expense	71,000	Net sales	2,201,000
Income tax expense	47,000	Other comprehensive income (net of $1,200 tax)	8,500

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