In its income statement for the year ended December 31, 2022, Wildhorse Co. reported the following condensed data.Operating expenses $ 726,000 Interest revenue $ 39,000Cost of goods sold 1,262,000 Loss on disposal of plant assets 23,000Interest expense 75,000 Net sales 2,205,000Income tax expense 51,000 Other comprehensive income (net of $1,200 tax) 8,900 I have to find a Income statement as well as a Comprehensive income, statement is needed, and I am confused.

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Answered: In its income statement for the year…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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In its income statement for the year ended December 31, 2022, Wildhorse Co. reported the following condensed data.

Operating expenses	$ 726,000	Interest revenue	$ 39,000
Cost of goods sold	1,262,000	Loss on disposal of plant assets	23,000
Interest expense	75,000	Net sales	2,205,000
Income tax expense	51,000	Other comprehensive income (net of $1,200 tax)	8,900

I have to find a Income statement as well as a Comprehensive income, statement is needed, and I am confused.

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