empt in Progress Sunland Limited reported the following selected information for the year ended March 31, 2021: Advertising expense $5,000 Interest expense $5,800 Cash dividends-common 4,000 Loss on discontinued operations 23,000 Depreciation expense 2,000 Rent revenue 38,000 Fees earned 63,000 Retained earnings. April 1, 2020 16,000 Gain on disposal of equipment 1,000 Telephone expense 8,000 Holding loss on equity investments 4,000 Income tax payable 5,500 The company's income tax rate is 30%. The company reports gains and losses on its equity investments as other comprehensive income. Prepare an income statement and a separate statement of comprehensive income for Sunland Limited. SUNLAND LIMITED Income Statement SUNLAND LIMITED Statement of Comprehensive Income eTextbook and Media Save for Later Attempts: 0 of 2 used Subm