The following information was taken from the records of Vega SA for the year 2019: income...

 

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The following information was taken from the records of Vega SA for the year 2019: income tax applicable to income from continuing operations $119,000, income tax applicable to loss on discontinued operations $25,500, and unrealized holding gain on non-trading equity securities $15,000. Gain on sale of plant assets Loss on discontinued operations Administrative expenses 95,000 Cash dividends declared 75,000 Inventory, January 1, 2019 240,000 Inventory, December 31, 2019 Rent revenue 40,000 Net purchases during 2019 Loss on impairment of land 60,000 Sales revenue Ordinary shares outstanding during 2019 100,000Selling expenses 150,000 500,000 150,000 500,000 1,700,000 300,000 Instructions Prepare a comprehensive income statement for 2019 using the one statement approach, and report earnings per share after comprehensive income. Note: insert more than 25 rows. The following information was taken from the records of Vega SA for the year 2019: income tax applicable to income from continuing operations $119,000, income tax applicable to loss on discontinued operations $25,500, and unrealized holding gain on non-trading equity securities $15,000. Gain on sale of plant assets Loss on discontinued operations Administrative expenses 95,000 Cash dividends declared 75,000 Inventory, January 1, 2019 240,000 Inventory, December 31, 2019 Rent revenue 40,000 Net purchases during 2019 Loss on impairment of land 60,000 Sales revenue Ordinary shares outstanding during 2019 100,000Selling expenses 150,000 500,000 150,000 500,000 1,700,000 300,000 Instructions Prepare a comprehensive income statement for 2019 using the one statement approach, and report earnings per share after comprehensive income. Note: insert more than 25 rows.

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1 INCOME STATEMENT OF VEGA SA FOR THE YEAR 2019 REVENUE Sales Revenue Rent Reve... View the full answer