Can someone please help me better understand how to get all the answers and how work the sheets?

The following Income statement Items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021 ($ In thousands): sales revenue, $18,300; cost of goods sold, $7,700; selling expenses, $1,450; general and administrative expenses, $950; Interest revenue, $230; Interest expense, $320. Income taxes have not yet been recorded. The company's Income tax rate is 25% on all items of Income or loss. These revenue and expense Items appear in the company's income statement every year. The company's controller, however, has asked for your help in determining the appropriate treatment of the following nonrecurring transactions that also occurred during 2021 ($ In thousands). All transactions are material in amount. 1. Investments were sold during the year at a loss of $370. Schembri also had an unrealized gain of $460 for the year on Investments in debt securitles that qualify as components of comprehensive income 2. One of the company's factories was closed during the year. Restructuring costs incurred were $1,800. 3. During the year, Schembri completed the sale of one of its operating divisions that qualifies as a component of the entity according to GAAP. The division had incurred a loss from operations of $720 in 2021 prlor to the sale, and its assets were sold at a galn of $1,700 4. In 2021, the company's accountant discovered that depreclation expense in 2020 for the office building was understated by $350. 5. Negative foreign currency translation adjustment for the year totaled $420 Required: 1. Prepare Schembrl's single, continuous multiple-step statement of comprehenslve Income for 2021, Includling earnings per share disclosures. One million shares of common stock were outstanding at the beginning of the year and an additional 200,000 shares were Issued on July 1, 2021. 2. Prepare a separate statement of comprehensive income for 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare Schembri's single, continuous multiple-step statement of comprehensive income for 2021, including earnings per share disclosures. One million shares of common stock were outstanding at the beginning of the year and an additional 200,000 shares were issued on July 1, 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. Round EPS answers to 2 decimal places.) Show less SCHEMBRI MANUFACTURING CORPORATION Statement of Comprehens ive Income For the Year Ended December 31, 2021 ($ in 000s) Sales revenue 18,300 Cost of goods sold 7,700 Gross profit 10,600 Operating expenses: Collina OMnon your answers in thousands. Round EPS answers to 2 decimal places.) Show less SCHEMBRI MANUFACTURING CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2021 (S in 000s) Sales revenue 18,300 Cost of goods sold 7,700 Gross profit 10,600 Operating expenses Selling 1,450 penses General and administrative expenses 950 Restructuring costs 1,800 Total operating expenses 4,200 6,400 Operating income Other income (expense): Interest revenue Interest expense Gain on debt securities Other income, net 0 Income from continuing operations before income taxes 6,400 Income tax expense Income from continuing operations 6,400 Discontinued operations: Income on discontinued operations 0 Net income 6,400 Other comprehensive income, net of tax 0 Comprehensive income 6,400 Earnings per share Net income Required 2 Required 1 statement every year. The company's controller, however, has asked for your help in determining the approprlate treatment of the following nonrecurring transactions that also occurred during 2021 ($ In thousands). All transactlons are materlal In amount. 1. Investments were sold during the year at a loss of $370. Schembri also had an unrealized galn of $460 for the year on Investments in debt securitles that qualify as components of comprehensive Income. 2. One of the company's factories was closed during the year. Restructuring costs Incurred were $1,800. 3. During the year, Schembri completed the sale of one of Its operating divislons that qualifies as a component of the entity according to GAAP. The division had incurred a loss from operations of $720 in 2021 prlor to the sale, and Its assets were sold at a galn of $1,700. 4. In 2021, the company's accountant discovered that depreclation expense in 2020 for the office building was understated by $350. 5. Negative foreign currency translation adjustment for the year totaled $420. Required: 1. Prepare Schembri's single, continuous multiple-step statement of comprehensive Income for 2021, Including earnings per share disclosures. One million shares of common stock were outstanding at the beginning of the year and an additional 200,000 shares were Issued on July 1, 2021. 2. Prepare a separate statement of comprehensIve Income for 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a separate statement of comprehensive income for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) *.d..... .. .. . . SCHEMBRI MANUFACTURING CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2021 ($ in 000s) Other comprehensive income, net of tax Total other comprehensive income 0 0 Comprehensive income Required 1 Required 2 The following Income statement Items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021 ($ In thousands): sales revenue, $18,300; cost of goods sold, $7,700; selling expenses, $1,450; general and administrative expenses, $950; Interest revenue, $230; Interest expense, $320. Income taxes have not yet been recorded. The company's Income tax rate is 25% on all items of Income or loss. These revenue and expense Items appear in the company's income statement every year. The company's controller, however, has asked for your help in determining the appropriate treatment of the following nonrecurring transactions that also occurred during 2021 ($ In thousands). All transactions are material in amount. 1. Investments were sold during the year at a loss of $370. Schembri also had an unrealized gain of $460 for the year on Investments in debt securitles that qualify as components of comprehensive income 2. One of the company's factories was closed during the year. Restructuring costs incurred were $1,800. 3. During the year, Schembri completed the sale of one of its operating divisions that qualifies as a component of the entity according to GAAP. The division had incurred a loss from operations of $720 in 2021 prlor to the sale, and its assets were sold at a galn of $1,700 4. In 2021, the company's accountant discovered that depreclation expense in 2020 for the office building was understated by $350. 5. Negative foreign currency translation adjustment for the year totaled $420 Required: 1. Prepare Schembrl's single, continuous multiple-step statement of comprehenslve Income for 2021, Includling earnings per share disclosures. One million shares of common stock were outstanding at the beginning of the year and an additional 200,000 shares were Issued on July 1, 2021. 2. Prepare a separate statement of comprehensive income for 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare Schembri's single, continuous multiple-step statement of comprehensive income for 2021, including earnings per share disclosures. One million shares of common stock were outstanding at the beginning of the year and an additional 200,000 shares were issued on July 1, 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. Round EPS answers to 2 decimal places.) Show less SCHEMBRI MANUFACTURING CORPORATION Statement of Comprehens ive Income For the Year Ended December 31, 2021 ($ in 000s) Sales revenue 18,300 Cost of goods sold 7,700 Gross profit 10,600 Operating expenses: Collina OMnon your answers in thousands. Round EPS answers to 2 decimal places.) Show less SCHEMBRI MANUFACTURING CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2021 (S in 000s) Sales revenue 18,300 Cost of goods sold 7,700 Gross profit 10,600 Operating expenses Selling 1,450 penses General and administrative expenses 950 Restructuring costs 1,800 Total operating expenses 4,200 6,400 Operating income Other income (expense): Interest revenue Interest expense Gain on debt securities Other income, net 0 Income from continuing operations before income taxes 6,400 Income tax expense Income from continuing operations 6,400 Discontinued operations: Income on discontinued operations 0 Net income 6,400 Other comprehensive income, net of tax 0 Comprehensive income 6,400 Earnings per share Net income Required 2 Required 1 statement every year. The company's controller, however, has asked for your help in determining the approprlate treatment of the following nonrecurring transactions that also occurred during 2021 ($ In thousands). All transactlons are materlal In amount. 1. Investments were sold during the year at a loss of $370. Schembri also had an unrealized galn of $460 for the year on Investments in debt securitles that qualify as components of comprehensive Income. 2. One of the company's factories was closed during the year. Restructuring costs Incurred were $1,800. 3. During the year, Schembri completed the sale of one of Its operating divislons that qualifies as a component of the entity according to GAAP. The division had incurred a loss from operations of $720 in 2021 prlor to the sale, and Its assets were sold at a galn of $1,700. 4. In 2021, the company's accountant discovered that depreclation expense in 2020 for the office building was understated by $350. 5. Negative foreign currency translation adjustment for the year totaled $420. Required: 1. Prepare Schembri's single, continuous multiple-step statement of comprehensive Income for 2021, Including earnings per share disclosures. One million shares of common stock were outstanding at the beginning of the year and an additional 200,000 shares were Issued on July 1, 2021. 2. Prepare a separate statement of comprehensIve Income for 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a separate statement of comprehensive income for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) *.d..... .. .. . . SCHEMBRI MANUFACTURING CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2021 ($ in 000s) Other comprehensive income, net of tax Total other comprehensive income 0 0 Comprehensive income Required 1 Required 2