Connnct htmi Help Save& Problem 4-7 Income statement presentotion; statement of comprehensive income; unusual items LO4-1, 4-3, 4-4, 4-5, 4-6 The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2018 IS n 000s sales revenue, $18,100, cost of goods sold, $7,600, selling expenses, $1,440, general and administrative expenses. S940. interest revenue, $200, nterest expense, $300 Income taxes have not yet been recorded The company's income tax rate is 40% on all items of income or loss These reverue and expense items statement every year. The company's controller, however, has asked for your help following nonrecurring transactions that also occurred during 2018 (S in 000s) Al transactions are material in amount appear in the compary's income in determining the appropriate treatment of the 1 Investments were sold during the year at a loss of $360. Schembri also had unrealized gains of $500 for the year on investments 2 One of the company's factories was closed during the year Restructuring costs incurred were $1z00 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 $700 in 2018 prior to the sale, and its assets were sold at a gain of $1,680 4 In 2018, the company's accountant discovered that depreciation expense in 2017 for the office 5 Negative foreign currency translation adjustment for the year totaled $380 building was understated by $340 Required: 1. Prepare S hemb's single, continuous multiple-step statement of comprehensive income for 2018, including earmings per share disclosu. e milion were issued on July 1, 2018 2. Prepare a separate statement of comprehensive income for 2018 shares of common stock were outstanding at the beginning of thp year and an additional 400,000 shares