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8 00 The trial balance of Kroeger Inc. included the following accounts as of December 31, 2021: Debits Sales revenue Credits 8,280,000 Interest revenue 68,000
8 00 The trial balance of Kroeger Inc. included the following accounts as of December 31, 2021: Debits Sales revenue Credits 8,280,000 Interest revenue 68,000 Gain on sale of investments 128,000 Gain on debt securities 144,000 5 points Loss on projected benefit obligation Cost of goods sold 168,000 6,020,000 Selling expense 680,000 01:50:33 Goodwill impairment loss 460,000 Interest expense General and administrative expense 38,000 580,000 eBook The gain on debt securities represents the increase in the fair value of debt securities and is classified a component of other comprehensive income. Kroeger had 300,000 shares of stock outstanding throughout the year. Income tax expense has not yet been recorded. The effective tax rate is 25%. Required: Prepare a 2021 single, continuous statement of comprehensive income for Kroeger 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.) KROEGER INC. Statement of Comprehensive Income For the Year Ended December 31, 2021 Gross profit Operating expenses: Total operating expenses Operating income Other income (expense): Total other income, net Income before income taxes Net income (loss) Other comprehensive income (net of tax): Total other comprehensive income (loss) Comprehensive income Earnings per share
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