Answer:
JDW Corporation
Income statement
For the year ended December 31, 20x1
Sales $2,929,500
Cost of good sold <u>$1,786,995</u>
Gross Profit $1,142,505
Selling and Administration expenses $<u>585,900</u>
Income from Operations before tax $446,605
Income Tax <u>$116,887</u>
Net Income <u>$439,718</u>
JDW Corporation
Statement of comprehensive income
For the year ended December 31, 20x1
Net Income $439,718
Unrealized holding loss net of tax -$22,000
Foreign currency transaction adjustment $26,250
Unrealized loss from pension adjustment net of tax -<u>$7,000 </u>
Comprehensive Income <u>$436,968</u>