Use the following information to prepare a multi-step Statement of Comprehensive Income, a Statement of Changes in Shareholders Equity, and a classified Statement of Financial Position.
-Other Data:
1. Salaries expense is 70% selling and 30% administrative.
2. Rent expense and utilities expense are 80% selling and 20% administrative.
3. $ 60,000 of notes payable are due for payment within 12 months.
4. Repair expense is 100% administrative.
Definitions:
Dreaming
A sequence of ideas, pictures, and feelings that happen in someone's mind while they are sleeping.
Cortex
The outermost layer of the brain, responsible for complex functions including thought, perception, and memory.
CPAP Device
A medical device that uses continuous positive airway pressure to keep airways open in people who have breathing problems, such as sleep apnea.
Sleep Apnea
A disorder affecting sleep, marked by breaks in breathing or shallow breaths while asleep.
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