The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021 (S in thousands): sales revenue, $16,500; cost of goods sold, $6,800; selling expenses, $1,360; general and administrative expenses, $860; interest revenue, $120; interest expense, $240. Income taxes have not yet been recorded. The company's income tax rate is 25% on all items of income or loss. These revenue and expense items appear in the company's income statement every year. The company's controller, however, has asked for your help in determining the appropriate treatment of the following nonrecurring transactions that also occurred during 2021 ($ in thousands). All transactions are material in amount.

1. Investments were sold during the year at a loss of $280. Schembri also had an unrealized gain of $400 for the year on investments in debt securities that qualify as components of comprehensive income.
2. One of the company's factories was closed during the year. Restructuring costs incurred were $1,800.
3. During the year, Schembri completed the sale of one of its operating divisions that qualifies as a component of the entity according to GAAP. The division had incurred a loss from operations of $620 in 2021 prior to the sale, and its assets were sold at a gain of $1.520
4. In 2021, the company's accountant discovered that depreciation expense in 2020 for the office building was understated by $260.
5. Negative foreign currency translation adjustment for the year totaled $320.

Required:

1. Prepare Schembri's single, continuous multiple-step statement of comprehensive income for 2021, including earnings per share disclosures. One million shares of common stock were outstanding at the beginning of the year and an additional 400,000 shares were issued on July 1, 2021.
2. Prepare a separate statement of comprehensive income for 2021

Problem 4-7 (Algo) Income stotement presentation; statement of comprehensive income; unusual items [LO41,43,44,45,46] The followng income statement items appeared on the adjusted tral balance of Schembei Manufacturing Corporation for the year ended Decermber 31, 2021 (5 in thousands), sales tevenue, 516.500 ; cost of goods sold, 56,800 ; selling expenses, $1,360; general and admiristative expenses, $860, interest revenue, $120, interest expense, $240 income taxes have not yet been recorded. The company' income tax rate is 25% on all items of income or loss. These revenue and expense items appear in the company's income statement every year The compary's controller, however, has asked for your help in determining the appropriate treatment of the fobowitg nonrecurring transoctions that also occurred during 2021 (\$ in thousands). All transactions are matenal in amount f. Investments were sold duing the year at a loss of $280. Schembei aso had an unrealized gain of 5400 for the yeor on itwestments in debt secuibes that quaity as coenponents of comprehensive income 2. One of the company's factories was ciosed during the year. festructuring cosis incurred were $1,800. 3 During the year, Schembri completed the sale of one of its operating divisions that qualifies as a component of the entity according to GAAP The divison had incured a foss from operatoons of $620 in 2021 priar to the sale, and as assets were sold at a gain of 51,520 I. In 202t, the compacy's accourtan discovered that depreciation expense in 2020 for the office bulding was understated by 5260. 5. Negative foreign currency translation adjustment for the year totaled 5320 Required: 1. Fiepare 5chembiri single. conthuous muteiple-shep statenent of comprehensive income for 2021 including earnings per share disciesures, One mimon shares of common stock were outstanding at the beginning of the year and ah addational 400,000 shares whe lsued on july 1,202ta 2 ivepare in separave satemert of compehengve income for 2021. Cempiete this question toy entering your answers in the tats thelow. Complete this question by entering your answers in the tabs below. Propare Schembri's single, continuous maltiple-step statement of comprehensive income for 2021 , inciuding earmings per thare disclosures. One million shares of common stock were outstanding at the beginning of the year and an additional 400,000 thares were issupd on July 1, 2021. (Amounts to be deducted should be indicated with a minus tignt. Enter your anwwers in thousands. Mourd EPS answors to 2 dectimel places.) 5. Negative foreign currency uans.ation adjustment for the year totaled 5320 . Required: 1. Prepare Schembri's single, continuous multiple-step statement of comprehensive income for 2021, including eamings per share disclosures, One million shares of common stock were outstanding at the beginning of the year and an additionai 400,000 shares were issted on July 1, 2021. 2. Prepare a separate statement of comprehensive income for 2021 . Complete this question by entering your answers in the tabs below. Prepare a separate statement of comprehensive income for 2021. (Amounts to be deducted ahould be indicated with a minus slgh. Enter your answers in thousands.)