Multiple$-$Step and Single$-$Step Income Statements, and Statement of Comprehensive Income

On December $31,$ Opgenorth Company listed the following items in its adjusted trial balance:

Loss from fire $($pretax$)$ $$8,000$ General and administrative expenses $$17,000$

Interest revenue $2,000$ Sales $170,000$

Selling expenses $12,000$ Unrealized decrease in fair value of

Cost of goods sold $95,000$ available$-$for$-$sale debt securities $1,800$

Loss on sale of equipment $($pretax$)2,000$

Additional data:

Seven thousand shares of common stock have been outstanding the entire year.

The income tax rate is $30\%$ on all items of income.

Required:

Question Content Area

$1.$ Prepare a multiple$-$step income statement. Round earnings per share to two decimal places.

OPGENORTH COMPANY

Income Statement

For Year Ended December $31,$ Current Year

$$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

Operating expenses

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

Other items

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

Components of Income blank EPS

blank $$-$ Select $-$

Question Content Area

$2.$ Prepare a single$-$step income statement. Round earnings per share to two decimal places.

OPGENORTH COMPANY

Income Statement

For Year Ended December $31,$ Current Year

Revenues

$$-$ Select $-$

$-$ Select $-$

Total revenues $fill in the blank $6$a$49$befb$5056078\_5$

Expenses

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Total expenses fill in the blank $6$a$49$befb$5056078\_18$

$$-$ Select $-$

Components of Income blank EPS

blank $$-$ Select $-$

Question Content Area

$3.$ Prepare a statement of comprehensive income.

OPGENORTH COMPANY

Statement of Comprehensive Income

For Year Ended December $31,$ Current Year

$$-$ Select $-$

Other comprehensive loss

$-$ Select $-$

$$-$ Select $-$