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please I need this asap The trial balance of Kroeger Inc. Included the following accounts as of December 31, 2021 Debits Credits 8,320,000 58,000 118,000
please I need this asap
The trial balance of Kroeger Inc. Included the following accounts as of December 31, 2021 Debits Credits 8,320,000 58,000 118,000 139,000 Sales revenue Interest revenue Gain on sale of investments Gain on debt securities Loss on projected benefit obligation Cost of goods sold Selling expense Goodwill impairment loss Interest expense General and administrative expenso 158,000 6,122,000 720,000 510,000 28,000 480,000 27 The gain on debt securities represents the increase in the fair value of debt securities and is classified a component of other comprehensive income. Kroeger had 300,000 shores of stock outstanding throughout the year Income tax expense has not yet been recorded. The effective tax rate is 25% Required: Prepare a 2021 single, continuous statement of comprehensive income for Kroeger Inc. Use a multiple-step income statement format. (Amounts to be deducted should be indicated with a minus sign. Round Earnings per share answer to 2 decimal places.) KROEGER INC. Statement of Comprehensive Income For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Greenit Sales revenue Cost of goods sold Gross profit Operating expenses: Selling expense General and administrative expense Goodwill impairment loss 0 0 Total operating expenses Operating income Other income (expense): 0 0 Total other income, net Income before income taxes 0 Net income (loss) Other comprehensive income (net of tax): Total other comprehensive income (loss) Comprehensive income Step by Step Solution
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