income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year t of goods sold, $6,800; selling expenses, $1,360: general and ended December 31, 2018 (S in 000s): sales revenue, $16,500, cos administrative expenses, $860, interest revenue, $120, interest expense, $240. Income taxes have not yet been recorded company's income taxrate is 40% on all items of income o statement every year. The company's controller, however, following nonrecurring transactions that also occurred during 2018 (S in 000s). All transactions are material in amou . The r loss. These revenue and expense items appear in the company's income has asked for your help in determining the appropriate treatment of the 1. Investments were sold during the year at a loss of $280 Schembri also had unrealized gains of $380 for the year on 3 During the year, Schembri completed the sale of one of its operating divisions that qualifies as a component of the entity according to GAAP. The division had incurred a loss from operations of $620 in 2018 prior to the sale, and its assets were sold at a gain of $1,520 4 In 2018, the company's accountant discovered that depreclation expense in 2017 for the office building was understated by $260 5. Negative foreign currency translation adjustment for the year totaled $30o Required: 1. Prepare Schembri's single, continuous multiple-step statement of comprehensive income for 2018, including earnings per share disclosures. One million shares of common stock were outstanding at the beginning of the year and an additional 400,000 shares were issued on July 1, 2018 2. Prepare a separate statement of comprehensive income for 2018 from continuing operations before income taxes 5,280 ncome from continuing operations Discontinued operations 5,280 Income from operations of discontinued component 0 5,280 Net income Other comprehensive income (loss) Unrealized gains from investments, net of tax Loss from foreign currency translation, net of tax Comprehensive income Earnings per share: Inco 0 $ 5,280 me from continuing operations ncome from discontinued operations Net income $ 3.708.00 SCHEMBRI MANUFACTURING CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2018 (S in 000s) Net income Other comprehensive income (loss) Unrealized gains from investments, net of tax Loss from foreign currency translation, net of tax 0 Comprehensive income 0