Problem 4-8 Multiple-step statement of income and comprehensive income (L04-1, 4-3, 4-5, 4-6] Duke Company's records show the following account balances at December 31, 2018: Sales Cost of goods sold General and administrative expenses Selling expenses Interest expense $17,400,000 10, 200,000 1,120,000 620,000 820,000 Income tax expense has not yet been determined. The following events also occurred during 2018. All transactions are material in amount. 1. $420,000 in restructuring costs were incurred in connection with plant closings. 2. Inventory costing $520,000 was written off as obsolete. Material losses of this type are considered to be unusual. 3. It was discovered that depreciation expense for 2017 was understated by $62,000 due to a mathematical error. 4. The company experienced a negative foreign currency translation adjustment of $320,000 and had unrealized gains on investments of $300,000. Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2018. The company's effective tax rate on all items affecting comprehensive income is 20%. Each component of other comprehensive income should be displayed net of tax. Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.) DUKE COMPANY Statement of Comprehensive Income For the Year Ended December 31, 2018