Duke Company's records show the following account balances at December 31, 2021:

Sales revenue$15,400,000Cost of goods sold9,200,000General and administrative expense1,020,000Selling expense520,000Interest expense720,000

Income tax expense has not yet been determined. The following events also occurred during 2021. All transactions are material in amount.

1. $320,000 in restructuring costs were incurred in connection with plant closings.
2. Inventory costing $420,000 was written off as obsolete. Material losses of this are considered to be unusual.
3. It was discovered that depreciation expense for 2020 was understated by $52,000 due to a mathematical error.
4. The company experienced a negative foreign currency translation adjustment of $220,000 and had an unrealized gain on debt securities of $200,000.

Required:

single, continuous multiple-step statement of comprehensive income for 2021. 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

DUKE COMPANY Statement of Comprehensive Income For the Year Ended December 31, 2021 Sales revenue $ 15,400,000 Cost of goods sold 9,200,000) Gross profit 6,200,000 Operating expenses: ces General and administrative expenses $ (1,020,000) Selling expenses 520,000 Restructuring costs (320,000 Inventory Total operating expenses 1,860,000) Operating income 4,340,000 Other income (expense) Income before income taxes 4,340,000 Net income 4,340,000 Other comprehensive income, net of tax: Total other comprehensive income (loss) Comprehensive income $ 4.340.000 Graw Hill