The following income statement items appeared on the adjusted trial balance of Irish Corporation for the year ended December 31, 2020: sales revenue, $42,500; cost of goods sold, $26,000; selling and administrative expenses, $5,000; dividends, $600. Income taxes have not yet been accrued. The company's income tax rate is 20% on all items of income or loss. These 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 additional non-recurring transactions that also occurred during 2020. All transactions are material in amount. The amounts shown below are all before taxes.

1. Available-for-sale investments were sold during the year at a loss of $600.

2. Available-for -sale investments were not sold but the market value was $1,000 higher than the carrying amount (cost).

3. One of the company's factories was closed during the year. Total losses and costs incurred were $5,000. The transactions represented a major strategic shift and met the requirements to be classified as discontinued operations.

4. One of Irish's manufacturing facilities located in a foreign country was expropriated. A loss of $1,500 was recognized. The event is considered to be unusual and infrequent.

5. One of Irish's fully insured manufacturing facilities located in Florida was damaged due to a hurricane. An accounting gain of $1,800 was recognized.

Required: (1) Prepare Irish's income statement for 2020, in good form. Two thousand shares of common stock were outstanding throughout the year.

(2) Calculate Irishs 2020 Total Comprehensive Income.

2020 Comprehensive Income: