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The partial trial balance of Rollins Inc. included the following accounts as of December 31, 2018 Credits 5,000,000 Debits Sales revenue Interest revenue Loss on
The partial trial balance of Rollins Inc. included the following accounts as of December 31, 2018 Credits 5,000,000 Debits Sales revenue Interest revenue Loss on sale of investments Unrealized holding losses on investments Foreign currency translation adjustment Cost of goods sold Selling expenses Restructuring costs Interest expense General and administrative expenses 35,500 15,000 114,000 215,000 3,590,000 310,000 135,000 15,000 210,000 Rollins had 100,000 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 Rollins Inc. (Amounts to be deducted should be indicated with a minus sign.) ROLLINS INC Statement of Comprehensive Income For the Year Ended December 31, 2018 Net income Other comprehensive income (losses) Gain on sale of investment Unrealized holding losses on investments, net of tax Foreign currency translation adjustment, net of tax Total other comprehensive income Comprehensive income
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