P4-8 Multiple-step statement of income and comprehensive income L04-1, L04-3. LO4-5, L04-6 Duke Company's records show the following account balances at December 31, 2021: Sales revenue $15,000,000 Cost of goods sold 9,000,000 General and administrative expense 1,000,000 Selling expense 500.000 Interest expense 700.000 Income tax expense has not yet been determined. The following events also occurred during 2021. All transac- tions are material in amount. 1. $300,000 in restructuring costs were incurred in connection with plant closings. 2. Inventory costing $400,000 was written off as obsolete. Material losses of this type are considered to be unusual. 3. It was discovered that depreciation expense for 2020 was understated by $50,000 due to a mathematical error. 4. The company experienced a negative foreign currency translation adjustment of $200,000 and had an unreal ized gain on debt securities of $180,000. Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2021. The company's effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income should be displayed net of tax. Ignore EPS disclosures. Use a multiple-step format similar to the one in the Concept Review Exercise at the end of Part A of this chapter (excluding discontinued operations shown there)