The company is subject to a 40% income tax rate. Read the requirements Requirement a. Prepare a single statement of comprehensive income beginning with operating income. (Use parent More Info Oak Timber Company Statement of Comprehensive Income For the Year Ended December 31 1. Operating income amounted to S360,000. 2. The company sold investments in bonds at a pretax loss of $22,000 3. Oak reported a $5,900 unrealized loss on an available-for-sale portfolio that is included in other comprehensive income. 4. The company reported a $10,000 unrealized gain on its trading portfolio, which is included in net income. 5. Oak committed to discontinue its retail lumber stores division on January 1 of the current year. The retail lumber stores meet the criteria to be presented as a discontinued operation. The retail lumber stores accounted for 20% of the company's operating income. The stores were operated all year. The retail lumber stores division was sold at December 31 of the current year for a $18,000 pre-tax loss. There was no gain or loss on remeasurement on January 1 6. Print Done Comprehensive Income