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Problem 1 -Comprehensive Income Statement (30 points) Candux Candy Company records show the following account balances at Dec. 31, 2019: Sales Revenue Dividend Revenue Cost

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Problem 1 -Comprehensive Income Statement (30 points) Candux Candy Company records show the following account balances at Dec. 31, 2019: Sales Revenue Dividend Revenue Cost of Goods Sold General and Administrative Expense Selling Expense Interest Expense $15,000,000 25,000 9,000,000 1,000,000 500,000 700,000 Income tax expense has not yet been determined. The following events also occurred during 2019. All transactions are material in amount. a. $300,000 in restructuring costs were incurred in connection with plant closings. b. Inventory costing $400,000 was written off as obsolete. Material losses of this type are considered to be unusual. c. The company experienced a negative foreign current translation adjustment of $200,000 and had an unrealized gain on debt securities of $180,000. Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2019. Assume the company's effective tax rate is 25%. Ignore EPS disclosures

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