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The records of Tiger Company showed the following data for year 2022: Sales...

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Accounting

The records of Tiger Company showed the following data for year 2022:
Sales 12,500,000
Sales returns and allowances 260,000
Sales discounts 140,000
Purchases 7,300,000
Freight in 250,000
Purchase returns and allowances 180,000
Purchase discounts 120,000
Merchandise inventory, January 14,500,000
Merchandise inventory, December 315,800,000
Rent income 300,000
Divident income 200,000
Interest income 200,000
Income tax expense 1,104,000
Doubtful accounts 150,000
Freight out 120,000
Office salaries 900,000
Sales salaries 700,000
Salesmens commission 400,000
Loss on sale of equipment 100,000
Depreciation- building 400,000
Depreciation- office equipment 150,000
Depreciation- store furniture 100,000
Depreciation- delivery truck 150,000
Required: Prepare the statement of comprehensive income for the year
using:
Function of expense method with supporting notes.
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