expenses $$1,661,000$; and an unrealized holding gain on available$-$for$-$sale securities $$84,500.$

$($a$)$

Your answer is correct.

Prepare a statement of comprehensive income using the one statement format. $($Ignore income taxes and earnings per share.$)$

SHEFFIELD CORPORATION

Income Statement and Statement of Comprehensive Income

For the Year Ended December $31,2025$

Net Income$/($Loss$)$

Unrealized Holding Gain

Comprehensive Income

$

eTextbook and Media

Attempts: $2$ of $7$ used

$($b$)$

Prepare a statement of comprehensive income, using the two statement format. $($Ignore income taxes and earnings per share.$)$

SHEFFIELD CORPORATION

Income Statement

$

$

SHEFFIELD CORPORATION

Comprehensive Income Statement