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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

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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. $460,000 in restructuring costs were incurred in connection with plant closings. 2 inventory costing $560,000 was written off as obsolete. Material fosses of this type are considered to be unusual. 3. It was discovered that depreciavon expense for 2023 was understated by $66.000 due to a mathematical error. The amount is considored matertal. 4. The company experienced a negathe forelgn currency translation adjustment of $360,000 and had an unrealized galn on debt securibes of $340,000. Requitred: Prepare a single, continuous muluple-step statement of comprehensive income for 2024 . The companys effective tax rate on all rems affecting comprehenslve income is 25%. Each component of other comprehenctve income should be displayed net of tax. Ignore EPS disclorures. Note: Amounts to be deductied should be indicated wath a minus sign. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ DUKE CONPANY. } \\ \hline \multicolumn{3}{|c|}{ Statement of Comprehensive income } \\ \hline \multicolumn{3}{|c|}{ For the Year Ended December 11, 2024} \\ \hline & & \\ \hline & & \\ \hline Gross profit & & \\ \hline Openating expenses: & & \\ \hline & IIIIIIIIIIII & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & min \\ \hline & & \\ \hline Tocal operating expenses & & \\ \hline Operating incorne & & min \\ \hline Oher income (expense): & & \\ \hline & & \\ \hline & & \\ \hline income before income tuxes & e & \\ \hline & & \\ \hline Net insone & & \\ \hline Oher comprehensive income, net of tax & & \\ \hline & & \\ \hline Total other comprehensive income (loss) & & \\ \hline Comprehtrisive income & & \\ \hline \end{tabular}

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