Duke Company's records show the following account balances at December 31, 2024: Sales revenue Cost of goods sold General and administrative expense Selling expense Interest expense $ 15,000,000 9,000,000 1,000,000 Income tax expense has not yet been determined. The following events also occurred during 2024. All transactions are material in amount. 500,000 700,000 1. $300,000 in restructuring costs were incurred in connection with plant closings. 2. Inventory costing $400,000 was written off as obsolete. Material losses of this type are considered to be unusual. 3. It was discovered that depreciation expense for 2023 was understated by $50,000 due to a mathematical error. The amount is considered material. 4. The company experienced a negative foreign currency translation adjustment of $200,000 and had an unrealized gain on deb securities of $180,000. Gross profit Operating expenses: Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2024. The company's effective tax rate on all item affecting comprehensive income is 25%. Each component of other comprehensive income should be displayed net of tax. Ignore EP disclosures. Note: Amounts to be deducted should be indicated with a minus sign. DUKE COMPANY Statement of Comprehensive Income For the Year Ended December 31, 2024

Duke Company's records show the following account balances at December 31,2024 : Income tax expense has not yet been determined. The following events also occurred during 2024. All transactions are material in amount. 1. $300,000 in restructuring costs were incurred in connection with plant closings. 2. Inventory costing $400,000 was written off as obsolete. Material losses of this type are considered to be unusual. 3. It was discovered that depreciation expense for 2023 was understated by $50,000 due to a mathematical error. The amount is considered material. 4. The company experienced a negative foreign currency translation adjustment of $200,000 and had an unrealized gain on deb securities of $180,000. Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2024 . The company's effective tax rate on all iter affecting comprehensive income is 25%. Each component of other comprehensive income should be displayed net of tax. Ignore EP disclosures