(Comprehensive Income) Armstrong Corporation reported the following for 2012: ne

Question

(Comprehensive Income)

Armstrong Corporation reported the following for 2012: net sales $1,251,300; cost of goods sold $769,100; selling and administrative expenses $323,600; and an unrealized holding gain on available-for-sale securities $17,900.

Prepare a statement of comprehensive income, using the two-income statement format. Ignore income taxes and earnings per share. (Enter all amounts as positive amounts and subtract where necessary.)

For the Year Ended December 31, 2012

ARMSTRONG CORPORATION Income Statement and Statement of Comprehensive Income

For the Year Ended December 31, 2012

Cost of goods soldSelling and administrative expensesSales $ Cost of goods soldSalesSelling and administrative expenses

Gross Profit SalesCost of goods soldSelling and administrative expenses

Net income

$

Net income $ Unrealized holding gain

Comprehensive income

$

Find the general solution to y''=+6y''+25y'=0. In your answer, use c1 c2 and c3 to denote arbitrary constants and x the independent variable

Explanation / Answer

sales-1251300

cost of good sold-769100

gross profit-482200

selling and administration expenses-323600

net income-158600

unrealized gain-17900

comprehensive income-176500

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