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6 The trial balance of Rollins Inc. included the following accounts as of December 31, 2021: Debits 5 points Sales revenue Interest revenue Credits 6,100,000
6 The trial balance of Rollins Inc. included the following accounts as of December 31, 2021: Debits 5 points Sales revenue Interest revenue Credits 6,100,000 41,000 Loss on sale of investments Loss on debt investments 20,000 158,000 Gain on projected benefit obligation Cost of goods sold 270,000 4,580,000 Selling expense 420,000 01:50:48 Restructuring costs 190,000 Interest expense General and administrative expense 10,000 320,000 eBook The loss on debt investments represents a decrease in the fair value of debt securities and is classified as part of other comprehensive income. Rollins had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a 2021 single, continuous statement of comprehensive income for Rollins Inc. Use a multiple-step income statement format. (Amounts to be deducted should be indicated with a minus sign. Round Earnings per share answer to 2 decimal places.) Gross profit Operating expenses: Total operating expenses Operating income Other income (expense): Total other income, net Income before income taxes ROLLINS INC. Statement of Comprehensive Income For the Year Ended December 31, 2021 Net income (loss) Other comprehensive income (net of tax): Total other comprehensive income Comprehensive income Earnings per share
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