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

On December 31, 2019, 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	2,500		Sales	160,000
Selling expenses	14,000		Unrealized decrease in fair value of
Cost of goods sold	95,000		available-for-sale securities	1,800
Loss on sale of equipment (pretax)	2,000

Additional data:

1. Seven thousand shares of common stock have been outstanding the entire year.
2. The income tax rate is 30% on all items of income.

Required:

1. Prepare a 2019 multiple-step income statement. Round earnings per share to two decimal places.

OPGENORTH COMPANY
Income Statement
For Year Ended December 31, 2019
		$
		$
Operating expenses
	$
		$
Other items
	$
		$
		$
Components of Income		EPS
		$

2. Prepare a 2019 single-step income statement. Round earnings per share to two decimal places.

OPGENORTH COMPANY
Income Statement
For Year Ended December 31, 2019
Revenues
	$
Total revenues		$
Expenses
	$
Total expenses
		$
Components of Income		EPS
		$

3. Prepare a 2019 statement of comprehensive income.

OPGENORTH COMPANY
Statement of Comprehensive Income
For Year Ended December 31, 2019
	$
Other comprehensive loss
	$