The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016,...
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The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016, included the following income accounts: Account Title Sales revenue Debits Credits 2,720,000 Cost of goods sold 1,600,000 Selling and administrative expenses 440,000 Interest expense 60,000 Unrealized holding gains on investment securities 100,000 The trial balance does not include the accrual for income taxes. Lindor's income tax rate is 30%. 2 million shares of common stock were outstanding throughout 2016. Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2016, including appropriate EPS disclosures. (Round EPS answers to 2 decimal places.) LINDOR CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2016 Earnings per share: The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016, included the following income accounts: Account Title Sales revenue Debits Credits 2,720,000 Cost of goods sold 1,600,000 Selling and administrative expenses 440,000 Interest expense 60,000 Unrealized holding gains on investment securities 100,000 The trial balance does not include the accrual for income taxes. Lindor's income tax rate is 30%. 2 million shares of common stock were outstanding throughout 2016. Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2016, including appropriate EPS disclosures. (Round EPS answers to 2 decimal places.) LINDOR CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2016 Earnings per share:
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