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The trial balance of Kroeger, Inc. included the following accounts as of December 31, 2021: DITS Sales Revenue 8,200,000 DEBITS Interest Revenue 60,000 Gain
The trial balance of Kroeger, Inc. included the following accounts as of December 31, 2021: DITS Sales Revenue 8,200,000 DEBITS Interest Revenue 60,000 Gain on Sale of Investments 120,000 Gain on Debt Securities 140,000 Loss on Projected Benefit Obligation Cost of Goods Sold Selling Expenses Goodwill Impairment Loss Interest Expense General & Admin Expenses CRE S $160,000 6,100,000 600,000 500,000 30,000 500,000 Additional Notes: 1) The Gain on Debt Securities represents the increase in the fair value of debt securities and is classified as a component of other comprehensive income. 2) Income tax expense has not yet been recorded. The effective tax rate is 25% Required: Prepare a 2021 single, continuous Statement of Comprehensive Income for Kroeger, Inc. Use a Multiple-step income statement format. Must be in good form with proper heading, proper classifications, and accurate amounts. I suggest utilizing Excel for the preparation of the Statement of Comprehensive Income.
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