Metlock Corporation reported the following for 2020: net sales $1,236,500, cost of goods sold $729,000,...
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Accounting
Metlock Corporation reported the following for 2020: net sales $1,236,500, cost of goods sold $729,000, selling and administrative expenses $329,900, and an unrealized holding gain on available-for-sale debt securities $20,700.
a) Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.)
b) Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.)
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