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Preparing a Statement of Comprehensive Income Sanders Inc. reported net income of $440,000 for the year ended December 31, 2020. The company had a pretax

image text in transcribed Preparing a Statement of Comprehensive Income Sanders Inc. reported net income of $440,000 for the year ended December 31, 2020. The company had a pretax unrealized holding gain on debt securities of $11,200 and a pretax loss on foreign currency translation adjustment of $32,000. The company's tax rate is 25%. Prepare a separate statement of comprehensive income beginning with net income. Use a negative sign to indicate a loss. Net Income Sanders Inc. Statement of Comprehensive Income For the Year Ended December 31, 2020 Unrealized holding gain on debt security investment, net of tax Loss on foreign currency translation adjustment, net of tax savings Comprehensive income

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