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Duke Company's records show the following account balances at December 31, 2016: Sales...................... $15,000,000 Cost of Goods Sold...$9,000,000 General and Administrative expenses... $1,000,000 Selling Expenses........

Duke Company's records show the following account balances at December 31, 2016:

Sales...................... $15,000,000

Cost of Goods Sold...$9,000,000

General and Administrative expenses... $1,000,000

Selling Expenses........ $500,000

Interest expense........... $700,000

Income tax expense has not yet been determined. The following events also occurred during 2016. All transactions are material in amount.

1. $300,000 in restructuring costs were incurred in connection with plant closings.

2. Inventory costing $400,000 was written off as obsolete. Material losses of this type are considered to be unusual.

3. It was discovered that depreciation expense for 2015 was understated by $50,000 due to mathmatical error.

4. The company experienced a foreign currency translation adjustment loss of $200,000 and had unrealized gains on investments of $180,000.

Required:\

Prepare a single, continous multistep statement of comprehensive income for 2016. The company's effective tax rate on all items affecting comprehensive income is 40%. Each component of other comprehensive income should be displayed net of tax. Ignore EPS disclosures.

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