Reference no: EM132934879
Question - Sheldon Corporation provided you with the following ledger accounts for 2020 (in alphabetical order):
Actuarial loss on defined benefit pension plan P300,000
Administrative expenses 300,000
Distribution expenses 500,000
Finance cost 150,000
Foreign currency translation gain 200,000
Freight-In 120,500
Gains from property revaluation during the year 750,000
Gain on sale of equipment 100,000
Income tax expense 900,000
Interest revenue 250,000
Merchandise inventory, December 31 610,500
Merchandise inventory, January 1 375,000
Purchases 6,250,000
Purchase discounts 135,000
Sales 9,500,000
Sales discounts 200,000
Sales returns and allowance 100,000
Share of profit of associates 450,000
Unrealized loss on derivative contract designated as cash flow hedge 100,000
Using the information given below, what is the Statement of Comprehensive Income for the year ended December 31, 2020?
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