Duke Company's records show the following account balances at December 31, 2021 Sales revenue Cost of goods sold General and administrative expense Selling expense Interest expense $16,200,000 9,600,000 1,060,000 560,000 760,000 Income tax expense has not yet been determined. The following events also occurred during 2021. All transactions are material amount 1 $360,000 in restructuring costs were incurred in connection with plant closings 2. Inventory costing $460,000 was written off as obsolete. Material losses of this type are considered to be unusual 3. It was discovered that depreciation expense for 2020 was understated by $56,000 due to a mathematical error 4. The company experienced a negative foreign currency translation adjustment of $260,000 and had an unrealized gain on deb securities of $240,000. Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2021 The company's effective tax rate on all ite affecting comprehensive income is 25% Each component of other comprehensive income should be displayed net of tax. Ignore E disclosures. (Amounts to be deducted should be indicated with a minus sign.) DUKE COMPANY Statement of Comprehensive Income For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Gross profit Operating expenses $ 16,200,000 9,600,000 6,600,000 General and administrative expenses $ 1,060,000 Selling expenses 560,000 Restructuring costs Loss on inventory write-down 360,000 460,000 Total operating expenses Operating income Other income (expense) Interest expense Income before income taxes Income tax expense Net income 2,440,000 4.160,000 (760,000) 3,400,000 850,000 2.550.000 Other comprehensive income, net of tax Foreign currency translation adjustment (260,000) Gain on debt securities 240,000 Total other comprehensive income (loss) (20,000) Comprehensive income $ 2.530.000