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The trial balance of Kroeger Inc. included the following accounts as of December 31, 2021: Debits Credits 8,240,000 64,000 124,000 142,000 Sales revenue Interest revenue
The trial balance of Kroeger Inc. included the following accounts as of December 31, 2021: Debits Credits 8,240,000 64,000 124,000 142,000 Sales revenue Interest revenue Gain on sale of investments Gain on debt securities Loss on projected benefit obligation Cost of goods sold Selling expense Goodwill impairment loss Interest expense General and administrative expense 164,000 6,060,000 640,000 480,000 34,000 540,000 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.) KROEGER 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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