The Massoud Consulting Group reported net income of $1,370,000 for its fiscal year ended December 31, 2021. In addition, during the year the company experienced a positive foreign currency translation adjustment of $320,000 and an unrealized loss on debt securities of $75,000. The company's effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income is displayed net of tax. Required: Prepare a separate statement of comprehensive income for 2021. (Amount to be deducted should be indicated with a minus sign.) 1,370,000 THE MASSOUD CONSULTING GROUP Statement of Comprehensive Income For the Year Ended December 31, 2021 Net income Other comprehensive income, net of tax: Foreign currency translation adjustment $ 320,000 Loss on debt securities (75,000) Total other comprehensive income Comprehensive income $ 245,000 1,615,000