| Sales | $450,000 |
| Cost of goods sold | 300,000 |
| Gross Margin | $150,000 |
| Operating expenses | 50,000 |
| Net Income | $100,000
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ZENITH COMPANY
Statement of Comprehensive Income
For the year ended December 31, 20X1
| Net Income | $100,000 |
| Other comprehensive income, net
of
income tax: |
|
| Unrealized losses on marketable securities | (20,000) |
| Comprehensive income | $ 80,000
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