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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

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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 $15,200,000 9,100,000 1,010,000 510,000 710,000 Income tax expense has not yet been determined. The following events also occurred during 2021. All transactions are material in amount 1. $310,000 in restructuring costs were incurred in connection with plant closings, 2. Inventory costing $410,000 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 $51,000 due to a mathematical error. 4. The company experienced a negative foreign currency translation adjustment of $210,000 and had an unrealized gain on debt securities of $190,000 Required: Prepare a 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. (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 $ 15,200,000 $15,200,000 9,100,000 6,100,000 Sales revenue Cost of goods sold Gross profit Operating expenses General and administrative expenses Selling expenses Restructuring costs Loss on inventory write-down $ 1,010,000 510,000 310,000 410,000 2,240,000 3,860,000 Total operating expenses Operating income Other income (expense) Interest expense 710,000 X Income before income taxes 4,570,000 4,570,000 Net income Other comprehensive income, net of tax: Foreign currency translation adjustment Gain on debt securities Total other comprehensive income (loss) (210,000) 190,000 X (20,000)

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