PROBLEM 2 (50 points) Below is information needed to prepare a statement of comprehensive income for December 31, 2019 for Smith Corporation, including earnings per share. Use a multiple-step income statement format. in thousands). Two million shares of stock were outstanding throughout the year Sales revenue, $24,300 Selling expenses, $1,300 Cost of goods sold, $14,500 . . Patents, $300 General and administrative expenses, $1,200 Dividend revenue, $200 Interest expense, $300 Equipment, $10,000 Income taxes have not yet been accrued. The company's income tax rate is 40% * Investments were sold during the year at a loss of $400 and had unrealized holding losses of $300 on investments One of company's factories closed and incurred restructuring costs of $3,00 A positive foreign currency translation adjustment for the year was $500 Sold one of its operating divisions which, according to GAAP regarding discontinued operations, qualifies as a component. Division incurred operating income of $900 in 2019 prior to the sale and assets were sold for a loss of $2,000