1 Mc Exercise 4-4 (Algo) Multiple-step continuous statement of comprehensive income [LO4-1, 4-6] The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2024, included the following accounts: Account Title Sales revenue Cost of goods sold Selling and administrative expense Interest expense Gain on debt securities Debits $ 1,450,000 425,000 45,000 Required: Prepare a single, continuous multiple-step statement of comprehensive income. Sales revenue Cost of goods sold Gross profit Operating expenses: The gain on debt securities is unrealized and classified as other comprehensive income. The trial balance does not include the accrual for income taxes. Lindor's income tax rate is 25%. X Answer is complete but not entirely correct. LINDOR CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2024 $ Credits $ 2,420,000 2,420,000 1,450,000 970,000 85,000 Return to

Exercise 4-4 (Algo) Multiple-step continuous statement of comprehensive income [LO4-1, 4-6] The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2024, included the following accounts: The gain on debt securities is unrealized and classifed as other comprehensive income. The trial balance does not include the occrual for income taxes. Lindor's income tax rate is 25%. Required: Prepare a single, continuous multyple-step statement of comprehensive income