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The trial balance of Kroeger Inc. included the following accounts as of December 31, 2021: Sales revenue Interest revenue Debits Credits 8,350,000 55,000 Gain
The trial balance of Kroeger Inc. included the following accounts as of December 31, 2021: Sales revenue Interest revenue Debits Credits 8,350,000 55,000 Gain on sale of investments 115,000 Gain on debt securities 137,500 Loss on projected benefit obligation 155,000 Cost of goods sold 6,155,000 Selling expense 750,000 Goodwill impairment loss 525,000 Interest expense General and administrative expense 25,000 450,000 The gain on debt securities represents the increase in the fair value of debt securities and is classified a component of other comprehensive income. Kroeger 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 Kroeger Inc. (Amounts to be deducted should be indicated with a minus sign.) Net income KROEGER INC. Statement of Comprehensive Income For the Year Ended December 31, 2021 Other comprehensive income (net of tax): Total other comprehensive income (loss) Comprehensive income
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