Anson Industries, Inc. reported the following information on its 20Y1 income statement:
Sales ... $4,000,000
Cost of goods sold ... 2,300,000
Operating expenses ... 1,000,000
Income tax expense ... 280,000
Other comprehensive income ... 450,000
a. Prepare an income statement, including comprehensive income, for Anson Industries.
b. Prepare an income statement and a separate statement of comprehensive income for Anson Industries.
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