Please help me Kingbird Corporation reported the following for 2025: net sales $1,231,800, cost of goods sold $730,500, selling and administrativeexpenses $330,800, and an unrealized holding gain on available-for-sale debt securities $17,400.(a)Your Answer Correct Answer (Used)✓ Your answer is correct.Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.)(b)Net SalesCost of Goods SoldGross ProfitSelline and Administrative ExpensesNet Income /(Loss)Other Comprehensive Income, Unrealized Holding GainComprehensive IncomeeTextbook and MediaKINGBIRD CORPORATIONStatement of Comprehensive IncomeFor the Year Ended December 31, 2025Your answer is partially correct.Total ExpensesNet Income /(Loss)Total RevenuesKINGBIRD CORPORATIONIncome StatementFor the Year Ended December 31, 2025Other Comprehensive Income. Unrealized Holdine Gain✔KINGBIRD CORPORATIONComprehensive Income StatementFor the Year Ended December 31, 2025♥Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.)✓$$$1231800-730500501300-33080017050017400187900018790012180Attempts: 3 of 3 used200000

Income statement is one of the financial statement being prepared in business. It shows all incomes…

Kingbird Corporation reported the following for 2025: net sales $1,231,800, cost of goods sold $730,500, selling and administrative expenses $330,800, and an unrealized holding gain on available-for-sale debt securities $17,400. (a) Your Answer Correct Answer (Used) ✓ Your answer is correct. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) (b) Net Sales Cost of Goods Sold Gross Profit Selline and Administrative Expenses Net Income /(Loss) Other Comprehensive Income, Unrealized Holding Gain Comprehensive Income KINGBIRD CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2025 eTextbook and Media Your answer is partially correct. Total Expenses 1231800 KINGBIRD CORPORATION Income Statement For the Year Ended December 31, 2025 ♥ -730500 501300 -330800 170500 17400 187900 Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) Attempts: 3 of 3 used 0

Kingbird Corporation reported the following for 2025: net sales $1,231,800, cost of goods sold $730,500, selling and administrative expenses $330,800, and an unrealized holding gain on available-for-sale debt securities $17,400. (a) Your Answer Correct Answer (Used) ✓ Your answer is correct. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) (b) Net Sales Cost of Goods Sold Gross Profit Selline and Administrative Expenses Net Income /(Loss) Other Comprehensive Income, Unrealized Holding Gain Comprehensive Income KINGBIRD CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2025 eTextbook and Media Your answer is partially correct. Total Expenses 1231800 KINGBIRD CORPORATION Income Statement For the Year Ended December 31, 2025 ♥ -730500 501300 -330800 170500 17400 187900 Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) Attempts: 3 of 3 used 0

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter3: Analysis Of Financial Statements

Section: Chapter Questions

Problem 8P: Assume you are given the following relationships for the Haslam Corporation: Calculate Haslam’s...

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