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Exercise 4-4 (Static) Multiple-step continuous statement of comprehensive income [LO4-1, 4-5, 4-6] The trial balance for Lindor Corporation, a manufacturing company, for the year
Exercise 4-4 (Static) Multiple-step continuous statement of comprehensive income [LO4-1, 4-5, 4-6] The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2021, included the following accounts: Account Title Sales revenue Cost of goods sold Selling and administrative expense Interest expense Gain on debt securities Debits Credits 2,300,000 1,400,000 420,000 40,000 80,000 The gain on debt securities is unrealized and classified as other comprehensive income. The trial balance does not include the accrual for income taxes. Lindor's income tax rate is 25%. There were 1,000,000 shares of common stock outstanding throughout 2021. Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2021, including appropriate EPS disclosures. (Round EPS answer to 2 decimal places.)
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