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The following information for Zoom Corporation relates to the year ended March 31, 2023 ...

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Accounting

The following information for Zoom Corporation relates to the year ended March 31, 2023

Administrative expenses $ 15,000

Cost of goods sold 60,000

Dividends paid by Zoom to its shareholders 18,000

Dividends received by Zoom from investments 10,000

Error calculating cost of goods sold in 2019 (increase income) 13,000

Interest earned on available-for-sale debt securities 6,000

Unearned fees 10,000

Unrealized gain on hedging transactions 8,000

Loss on sale of debt securities 14,000

Net Sales 140,000

Retained earnings April 1, 2022 120,000

Selling expenses 12,000

Ignoring income taxes and earnings per share, prepare an Income Statement (multi-step), Statement of Comprehensive Income and Statement of Retained Earnings. Be sure to include line descriptions for Gross profit and Income from operations, and include headings, dollar signs and underlines as appropriate. You may abbreviate line descriptions.

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