Below is an Income Statement for year ending December 31,2020.

Prepare a separate Statement of Comprehensive Income for the year ended December 31, 2020 (using the two statement approach)

Black Forrest Clocks Co. Multi step Income Statement Particulars Sales Less: Sales returns and allowances Amounts Amount $ Amounts 182.000.00 26,400.00 Net sales 155,600.00 Less: Cost of good sold 55,000.00 Gross Profit 100,600.00 Less: Operating Expenses Selling expense 37,000.00 Administrative Expense 12.500.00 Total Operating Expenses 49,500.00 51,100.00 Operating Income Add/(Less): Other Items Interest Expense Dividend income 1650.00) 8,600.00 Income from the Souvenir Clock division, before tax 21,050.00 11,600.00 19,000.00) 82,700.00 92,300.00 Gain on sale of fixed assets Write-off of obsolete inventory Income before prior period and discontinued Items Less: Loss on the disposal of the Souvenir Clock division, before tax Income before prior period items Less: Rent expense was omitted in 2013 Income before tax Less: Tax at 28% (9,600.00) 7,200.00 (2,400.00) Net Income (2,400.00) Other Comprehensive Income Unrealized gain on available for sale debt securities, (net of tax) Total Comprehensive Income 7,344.00 4,944.00 Add: Retained earnings, January 1, 2020 265,000.00 Add: Retained earnings, December 31, 2020 269,944.00 Number of shares outstanding 150,000.00 Earnings per share 0.03296