The Following Information For The Year Ending December 31 2015

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The following information for the year ending December 31

2015 #6424
The following information for the year ending December 31, 2015, has been provided for Calle
Company.Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$530,000Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
...305,600Foreign translation adjustment (net of income taxes) . . . . . . . . . . . .. . . . . . . . .
...51,000Selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . .
76,200Extraordinary gain (net of income taxes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
36,800Correction of inventory error (net of income taxes) . . . . . . . . . . . . . . . . . . . . . . . .
33,460General and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
57,300Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . .
20,100Gain on sale of investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10,800Proceeds from sale of land at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.81,000Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .....
11,200Instructions:Prepare a statement of comprehensive income for Calle Company. View
Solution:
The following information for the year ending December 31 2015

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