Preparing a Statement of Comprehensive Income

Sanders Inc. reported net income of $1,650,000 for the year ended December 31, 2020. The company had a pretax unrealized holding gain on debt securities of $42,000 and a pretax loss on foreign currency translation adjustment of $120,000. The companys tax rate is 25%. Prepare a separate statement of comprehensive income beginning with net income.

• Use a negative sign to indicate a loss.