The following income statement items appeared on the

adjusted trial balance of XYZ Corporation for the year ended

December $31,2021($$ in $000$s$)$: sales revenue, $$22,300$; dividend

revenue from investments, $$200$; interest revenue $$150$; cost of

goods sold, $$14,500$; selling expense, $$2,300$; general and

administrative expense, $$1,200$; interest expense, $$300.$ Income

taxes have not yet been accrued. The company's income tax rate is

$20\%$ on all items of income or loss. These revenue and expense items

appear in the company's income statement every year. The company's

controller, however, has asked for your help in determining the

appropriate treatment of the following nonrecurring transactions

that also occurred during $2021($$ in $000$s$).$ All transactions are

material in amount.$1.$ Investments were sold during the year at a

loss of $$300.$ XYZ also had an unrealized gain of $$200$ for the year

on investments. The unrealized gain represents a increase in the

fair value of debt securities and is classified as part of other

comprehensive income.$2.$ One of the company's factories was closed

during the year. Restructuring costs incurred were

$$1,000.3.$ During the year, XYZ completed the sale of one

of its operating divisions that qualifies as a component of the

entity according to GAAP regarding discontinued operations. The

division had incurred operating income of $$500$ in $2021$ prior to the

sale, and its assets were sold at a gain of $ $400.4.$ A negative foreign currency translation

adjustment for the year totaled $$300.5.$ Amortization expense was understated by $$60$ in

$2020.6.$ The Corporation incurred $$100$ in research and

development costs during $2021.7.$ Inventory that had cost $$80$ had become obsolete

because a competitor introduced a better product.$$ The

inventory was written down to its scrap value of $$10.8.$ Retained earnings $12/31/20$ is

$$400.$

$9.$ One million shares of common stock were

outstanding as of $12/31/20.$ The following additional

issuances of shares occurred during $2021$: a$.)4/1/21$ issued

$50,000$ shares $$ and b$.)7/1/21$ issued $40,000$

shares$10.,$ The Corporations declared and paid $$100$

of preferred dividends and declared $$100($of which $$25$ will be paid

January $15,2022)$ of common dividends.Required:Based on the all of the information provided, answer the

following questions as they would appear in a single, continuous

multiple$-$step statement of comprehensive income for $2021.$

Round all numbers excepts earnings per share to whole

numbers.$($each $2$ points$)$Select and copy sections $1-13$ below to answer in the

space providedGross profit$$

$$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Total operating expenses $$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Operating income $$

$$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Total other revenue$/($expense$)$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Income before Tax $$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Income tax expense$$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Income from continuing operations $($IFCO$)$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Discontinued operations$$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Net income $$

$$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Other comprehensive income$$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Comprehensive income $$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Earnings per share $($IFCO only$)$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Retained earnings $12/31/21$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$