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please help me. thank you. O'Reilly Beverage Company reported net income of $770,000 for 2021. In addition, the company deferred a $45,000 pretax loss on
please help me. thank you.
O'Reilly Beverage Company reported net income of $770,000 for 2021. In addition, the company deferred a $45,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $20,000. Prepare a separate statement of comprehensive income for 2021. The company's income tax rate is 25%. (Amounts to be deducted should be indicated with a minus sign.) O'REILLY BEVERAGE COMPANY Statement of Comprehensive Income For the Year Ended December 31, 2021 Net income (loss) Other comprehensive income (loss): Loss on derivatives Gain on debt securities Total other comprehensive income (loss) Comprehensive income (loss) Saved Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2021 year- end trial balance contained the following income statement items: Debits Credits $14,000,000 65,000 Account Title Sales revenue Interest revenue Loss on sale of investments Cost of goods sold Selling expenses General and administrative expenses Interest expense Research and development expense Income tax expense $ 115,000 6,350,000 635,000 1,670,000 55,000 1,350,000 915,000 Required: Calculate the company's operating income for the year. Total operating revenue Less operating expenses Operating income HE Next >Step by Step Solution
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