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	2,000		Sales	180,000
Selling expenses	12,000		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
		$fill in the blank e32268fe906900_2
Operating expenses
Other items
Components of Income
		fill in the blank e32268fe9069060_29

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
	$fill in the blank 72a6d4064025f85_7
	fill in the blank 72a6d4064025f85_9
	fill in the blank 72a6d4064025f85_11
	fill in the blank 72a6d4064025f85_13
	fill in the blank 72a6d4064025f85_15
	fill in the blank 72a6d4064025f85_17
Total expenses
Components of Income		EPS
		fill in the blank 72a6d4064025f85_22

3. Prepare a 2019 statement of comprehensive income.

OPGENORTH COMPANY
Statement of Comprehensive Income
For Year Ended December 31, 2019
	$fill in the blank 1d91bd009fbc061_2
Other comprehensive loss
	fill in the blank 1d91bd009fbc061_4
	$fill in the blank 1d91bd009fbc061_6