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The partial trial balance of Kroeger Inc. included the following accounts as of December 31, 2018: Debits Credits Sales revenue 8,300,000 Interest revenue 70,000 Gain
The partial trial balance of Kroeger Inc. included the following accounts as of December 31, 2018:
Debits | Credits | |||
Sales revenue | 8,300,000 | |||
Interest revenue | 70,000 | |||
Gain on sale of investments | 130,000 | |||
Unrealized gains on investments | 145,000 | |||
Foreign currency translation adjustment | 170,000 | |||
Cost of goods sold | 6,000,000 | |||
Selling expenses | 700,000 | |||
Goodwill impairment loss | 450,000 | |||
Interest expense | 40,000 | |||
General and administrative expenses | 600,000 | |||
Kroeger had 300,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 40%. Required:
Prepare a 2018 separate statement of comprehensive income for Kroeger Inc.
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