Chapter 14, Problem 14.26EX

Comprehensive Income

Anson Industries, Inc. reported the following information on its 20Y1 income statement:

Sales	$4,000,000
Cost of good s sold	2,300,000
Operating expenses	1,000,000
Income tax expense	280,000
Other comprehensive income	450,000

Prepare the following for Anson Industries, Inc.:

• A. Income statement, including comprehensive income.
• B. Income statement and a separate statement of comprehensive income.