(TCO C) Solar Power Inc. had the following transactions during 2105.
|
Sales revenue
|
$15,000
|
|
Equipment rental revenue
|
420
|
|
Cost of sales
|
6,200
|
|
Selling and administrative expenses
|
3,500
|
|
Interest expense
|
560
|
|
Gain on sale of old machinery
|
210
|
|
Unrealized gain on available for sale securities
|
156
|
(A) Prepare multi-step income statement of Solar Power Inc. assuming income tax rate applicable to Solar Power is 30%.
(B) Compute comprehensive income.