The Massoud Consulting Group reported net income of $1,358,000 for its fiscal year ended December 31, 2018. In addition, during the year the company experienced a positive foreign currency translation adjustment of $260,000 and had unrealized losses on investment securities of $45,000. The companys effective tax rate on all items affecting comprehensive income is 40%. Each component of other comprehensive income is displayed net of tax. Required: Prepare a separate statement of comprehensive income for 2018. (Amount to be deducted should be indicated with a minus sign.)

THE MASSOUD CONSULTING GROUP
Statement of Comprehensive Income
For the Year Ended December 31, 2018
Net income
Other comprehensive income (loss):
Foreign currency translation gain, net of tax
Unrealized losses on investment securities, net of tax
Total other comprehensive income
Comprehensive income		$0