Answer:
a.
Anson Industries, Inc..
Income Statement Including Comprehensive Income
for the year ended MM DD, 20Y1
$
Sales 4,000,000
- Cost of Goods Sold 2,300,000
= Gross Income 1,700,000
- Operating Expenses 1,000,000
= Operating Income 700,000
- Income Tax Expense 280,000
= Net Income 420,000
+ Other Comprehensive Income 450,000
Total Comprehensive Income 870,000
b.
Anson Industries, Inc..
Income Statement for the year ended MM DD, 20Y1
$
Sales 4,000,000
- Cost of Goods Sold 2,300,000
= Gross Income 1,700,000
- Operating Expenses 1,000,000
= Operating Income 700,000
- Income Tax Expense 280,000
= Net Income 420,000
Anson Industries, Inc..
Statement of Comprehensive Income
for the year ended MM DD, 20Y1
$
Net Income 420,000
+ Other Comprehensive Income 450,000
Total Comprehensive Income 870,000
