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4 The partial trial balance of Kroeger Inc. included the following accounts as of December 31, 2018 Debits Credits Sales revenue 8,200,000 60,000 120,e00 140,000
4 The partial trial balance of Kroeger Inc. included the following accounts as of December 31, 2018 Debits Credits Sales revenue 8,200,000 60,000 120,e00 140,000 Interest revenue Gain on sale of investments Unrealized gains on investments Foreign currency translation adjustment Cost of goods sold Selling expenses Goodwill impairment loss Interest expense 0:40 160,000 6,100,000 600,000 500,000 30,000 500,000 General and administrative expenses Kroeger had 300,000 shares of stock outstanding throughout the year. Income tax expense has not yet ten accrued. The effective tax rate is 40%. Required: Prepare a 2018 separate statement of comprehensive income for Kroeger Inc. (Amounts to be deducted should be indicated with a minus sign.) KROEGER INC Statement of Comprehensive Income For the Year Ended December 31, 2018 Net income Other comprehensive income (losses) Cost of goods sold $ (6,100,000) Selling experse (600,000) General and administrative expense 500.000 Total other comprehensive loss 500,000 Comprehensive loss
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