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. $390,000 in restructuring costs were incurred in connection with plant closings. 2. Inventory costing $490,000 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 $59,000 due to a mathematical error. The amount is considered material. 4. The company experienced a negative foreign currency translation adjustment of $290,000 and had an unrealized gain on debt securities of $270,000. 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. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ DUKE COMPANY } \\ \hline \multicolumn{4}{|c|}{ Statement of Comprehensive Income } \\ \hline \multicolumn{4}{|c|}{ For the Year Ended December 31, 2024} \\ \hline Sales revenue & & $ & 16,800,000 \\ \hline Cost of goods sold & & & 9,900,000 \\ \hline Gross profit & & & 6,900,000 \\ \hline \multicolumn{4}{|l|}{ Operating expenses: } \\ \hline General and administrative expense & $1,090,000 & & \\ \hline Selling expense & 590,000 & & \\ \hline Restructuring costs & 390,000 & & \\ \hline Loss on inventory write-down & 490,000 & & \\ \hline 7 & & & \\ \hline & & & \\ \hline Total operating expenses & & & 2,560,000 \\ \hline Operating income & & & 4,340,000 \\ \hline \multicolumn{4}{|l|}{ Other income (expense): } \\ \hline Interest expense & & & 790 \\ \hline & & & \\ \hline Income before income taxes & & & 4,340,790 \\ \hline Income tax expense & & & 10,650,000 \\ \hline Net income & & & (6,309,210) \\ \hline \multicolumn{4}{|l|}{ Other comprehensive income, net of tax: } \\ \hline Foreign currency translation adjustment & 203,000 & & \\ \hline & & & \\ \hline Total other comprehensive income (loss) & & & 203,000 \\ \hline Comprehensive income & & $ & (6,512,210) \\ \hline \end{tabular}