Answer:
Blossom Co.
Comprehensive Income Statement for the month ended January 2022.
Sales revenue                                  390,000
Less Sales returns and allowances                  (17,000)
Net Sales Revenue                              373,000
Less Cost of goods sold                         (200,750)
Gross Profit                                     172,250
Less Expenses
Rent expense                        32,000
Freight-out                           6,000
Sales discounts                       8,000
Insurance expense                    12,000
Salaries and wages expense           60,000
Income tax expense                    3,150     (121,150)
Net Profit for the Year                             51,100
Other comprehensive income                      2,000
Total Comprehensive Income                      53,100
Explanation:
The Comprehensive Income Statement shows the Total Profit (including other comprehensive Income) resulting from the trading period.
