(Answered) Question - reach out card company limited reported the

Accounting

Question - Reach Out Card Company Limited reported the following for 2014: net sales revenue $1.15 million; cost of goods sold $718,750; selling and administrative expenses $348,000; gain on disposal of building $301,000; and unrealized gain-OCI (related to fair value through OCI investments) $15,000. The company accounts for its investments in accordance with IAS 39.

Prepare a statement of comprehensive income. Ignore income tax and EPS.

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