Please create a statement of comprehensive income

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Reference no: EM131812612

Please create a Statement of Comprehensive Income annd Owners Equity Statement using the following information (North American Method).

Account Name		Balance

Income tax Expense	$	600,000
Decrease in property valuation		35,000
Current Assets		6,500,000
Cost of Sales		7,500,000
Distribution Costs		900,000
Common Shares Issued		895,000
Finance Costs		90,000
Stock Option Compensation		40,000
Profit before Taxes		1,750,000
Retained Earnings(end of year)		5,000,000
Dividends Paid		150,000
Other Income		40,000
Gross Profit		3,500,000
Share Capital (end of year)		3,395,000
Contributed surplus (beginning of year)		60,000
Non-Current Liabilities		5,000,000
Change in Currency Translation(income)		40,000
Retained Earnings (beginning of year)		4,000,000
Administrative Expenses		800,000
Total Liabilities		8,000,000
Total Assets		16,500,000

Reference no: EM131812612

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