Sales revenue -Cost of Goods Sold Gross Profit ABC Corporation Statement of Comprehensive Income For the Year Ended December 31, 2020 2,480,000 992,000 1,488,000 Operating Expenses Marketing/Selling expense Salaries expense 2 Sales Commissions 3 Rent expense 4 Restructure Costs 110,000 25,000 5,000 150,000 750,000 5 Depreciation expense 50,000 5 Loss from write-off of inventories 4,000 7 Loss from major earthquake damage (both unusual and infrequent) 112,500 B Impairment of Goodwill 12,000 Total Operating Expenses O Operating Income 1 2 Other income (expense) 3 Loss on Foreign Currency Translation Interest expense (1,218,500) 269,500 (1,000) (10,000) 5 Dividend revenue 5 Interest revenue Total other income, net 3 Income from continuing operations before income taxes 15,000 35,000 39,000 308,500