Comprehensive Income
Tarzana Corporation Completed Its First Year of Operations

Comprehensive income
Tarzana Corporation completed its first year of operations on December 31, 2020. Results and other information for the year included the following:
$\begin{array}{llcc} \text {Sales......................................................................................... } &\$810,000 \\ \text { Cost of goods sold.................................................................... } &320,000\\ \text {Operating expenses................................................................... } &94,000\\ \text {Unrealized holding gain from investments (accounted for } &\\ \text { under the fair value through comprehensive income model)..... } &31,000 \end{array}$
Instructions
Based on the information provided, prepare a combined statement of income and comprehensive income. Ignore income taxes and EPS.

Correct Answer:

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