Seline.

Co had informantion at the end of 2016 :

Loss on Sale Division $ 60,000

Rent Revenue $ 240,000
Interest Expenses $ 176,000
Unrealized Loss on Trading Equity Securities $ 25,000
Utilities Expenses (Selling) $ 32,000
Delivery Expenses (Selling) $ 93,000
Inventory, 31 Dec 2016 $ 25,000
Income Tax $ 35,000
Purchase $ 2,786,000
Misc. Office Expenses $ 10,000
Sales $ 4,175,000
Cash Dividend $ 60,000
Gain on Sale of Plant Assets $ 10,000
Share Capital – Ordinary $ 900,000
Gain disposal of business Segment $ 90,000
Inventory, 31 Dec 2015 $ 100,000
Sales Comission $ 83,000
Office Insurance Expenses $ 24,000
Depreciation of Office Equipment $ 48,000
Depreciation of Sales Equipment $ 36,000
Salaries & Wages for Accounting $ 346,000
Loss on Sale of Land $ 30,000
Freight In $ 72,000
Purchase Discount $ 27,000
Freight Out $ 50,000
Purchase Return & Allowance $ 15,000
Sales telephone and Internet $ 17,000

Following the equity of Seline .Co at the beginning of 2016:

Share Capital – Ordinary $ 5,500,000

Accumulated Comprehensive Income

Unrealized gain on trading equity securities $ 12,500

Retained Earning, Beginning $ 615,000

Additional Information : Correction of inventory overstatement $ 35,000

Instruction, Prepare The Statement of Comprehensive Income, Statement of Retained Earning and
Statement of Change Equity