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P14-9 The ledger of Gower Limited at December 31, 2017, contains the following Prepares summary data. comprehe Net sales 1,580,000 Cost of goods sold 1,100,000 (LO 6) Selling expenses 70,000 Administrative expenses 90,000 Other income and expense (6,000) Your analysis reveals the following additional information that is not included in the above data. 1. The entire puzzles division was discontinued on August 31. The income from opera- tions for this division before income taxes was 15,000. The puzzles division was sold at a loss of 74,000 before income taxes. 2. The company had an unrealized gain on non-trading securities of 120,000 before income taxes for the year. 3. The income tax rate on all items is 30%. Instructions Prepare a statement of comprehensive income for the year ended December 31, 2017. Use the format illustrated in the Practice Problem (page 741). P14-9 The ledger of Gower Limited at December 31, 2017, contains the following Prepares summary data. comprehe Net sales 1,580,000 Cost of goods sold 1,100,000 (LO 6) Selling expenses 70,000 Administrative expenses 90,000 Other income and expense (6,000) Your analysis reveals the following additional information that is not included in the above data. 1. The entire puzzles division was discontinued on August 31. The income from opera- tions for this division before income taxes was 15,000. The puzzles division was sold at a loss of 74,000 before income taxes. 2. The company had an unrealized gain on non-trading securities of 120,000 before income taxes for the year. 3. The income tax rate on all items is 30%. Instructions Prepare a statement of comprehensive income for the year ended December 31, 2017. Use the format illustrated in the Practice Problem (page 741)

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