The accountant of Whispering Shoe has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2022.
Rent revenue
£37,700
Interest expense
23,400
Unrealized gain on equity securities designated at fair value through other comprehensive income, net of tax
40,300
Selling expenses
182,000
Income tax
39,780
Administrative expenses
235,300
Cost of goods sold
670,800
Net sales
1,274,000
Cash dividends declared
20,800
Loss on sale of plant assets
19,500
There were 20,000 ordinary shares outstanding during the year.
(a)
Prepare a comprehensive income statement using the combined statement approach. (Round earnings per share to 2 decimal places, eg. 1.48)
