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. $470,000 in restructuring costs were incurred in connection with plant closings. 2. Inventory costing $570,000 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 $67,000 due to a mathematical error. The amount is considered material. 4. The company experienced a negative foreign currency translation adjustment of $370,000 and had an unrealized gain on debt securities of $350,000. Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2024 . The company's effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income should be displayed net of tax. Ignore EPS 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 \begin{tabular}{|l|l|l|} \hline & & \\ \hline Gross profit & & \\ \hline Operating expenses: & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Total operating expenses Operating income Other income (expense): Income before income taxes Total operating expenses Operating income Other income (expense)