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Question 4: Prepare in good form, a Statement of Comprehensive Income for ABC Corp, for...

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Question 4: Prepare in good form, a Statement of Comprehensive Income for ABC Corp, for the calendar year 2014 given the following information: Sales Revenue $250,000 Other Revenue Interest 12,000 Cost of Goods Sold 120,000 Operating Expenses 130,000 Dividends paid to shareholders 15,000 Other revenue/ (losses): Gain on sale of collectibles-infrequent but not unusual 12,000 Loss from hurricane-unusual and infrequent event (18,000) Decrease in value of Available for Sale securities 5,000 ABC's tax rate is 40 percent. There are 10,000 shares of common outstanding throughout 2014

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