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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 Debits Credits
The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016, included the following income accounts: |
Account Title | Debits | Credits |
Sales revenue | 2,300,000 | |
Cost of goods sold | 1,400,000 | |
Selling and administrative expenses | 420,000 | |
Interest expense | 40,000 | |
Unrealized holding gains on investment securities | 80,000 | |
The trial balance does not include the accrual for income taxes. Lindor's income tax rate is 30%. One 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.)
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