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The trial balance of Brees Inc. included the following accounts as of December 31, 2021: Debits Credits Sales revenue 8,380,000 Interest revenue 52,000 Gain on

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The trial balance of Brees Inc. included the following accounts as of December 31, 2021: Debits Credits Sales revenue 8,380,000 Interest revenue 52,000 Gain on sale of investments 112,000 Gain on debt securities 136,000 Loss on projected benefit obligation 152,000 Cost of goods sold 6,188,000 Selling expense 780,000 Goodwill impairment loss 540,000 T Interest expense 22,000 General and administrative expense 420,000 The gain on debt securities represents the increase in the fair value of AFS debt securities and is classified a component of other comprehensive income. Brees had 300,000 shares of stock outstanding throughout the year. Income tax expense has not yet been recorded. The effective tax rate is 25% Required: Prepare a 2021 separate statement of comprehensive income for Brees Inc. Amounts to be deducted should be indicated with a minus sign. Brees Inc Statement of Comprehensive Income For the Year Ended December 31, 2021 Net Income Other comprehensive income (net of tax): Required: Prepare a 2021 separate statement of comprehensive income for Brees Inc. Amounts to be deducted should be indicated with a minus sign. Brees Inc. Statement of Comprehensive Income For the Year Ended December 31, 2021 Net income Other comprehensive income (net of tax): Total other comprehensive income (loss) Comprehensive income

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