Exercise 4-11 Comprehensive income [LO4-6] The Massoud Consulting Group reported net income of $1,372,000 for its fiscal year ended December 31, 2018. In addition, during the year the company experienced a positive foreign currency translation adjustment of $330,000 and had unrealized losses orn investment securities of $80,000. The company's effective tax rate on all items affecting comprehensive income is 30%. Each component of other comprehensive income is displayed net of tax. Required Prepare a separate statement of comprehensive income for 2018. (Amount to be deducted should be indicated with a minus sign.) THE MASSOUD CONSULTING GROUP Statement of Comprehensive Income For the Year Ended December 31, 2018 Net income Other comprehensive income (loss) Foreign currency translation gain, net of tax Unrealized losses on investment securities, net of tax Total other comprehensive income Comprehensive income