The trial balance of Rollins Inc. included the following accounts as of December 31, 2021:

	Debits		Credits
Sales revenue			6,900,000
Interest revenue			45,000
Loss on sale of investments	15,000
Loss on debt investments	190,000
Gain on projected benefit obligation			310,000
Cost of goods sold	5,300,000
Selling expense	500,000
Restructuring costs	230,000
Interest expense	15,000
General and administrative expense	400,000

The loss on debt investments represents a decrease in the fair value of debt securities and is classified as part of other comprehensive income. Rollins had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a 2021 separate statement of comprehensive income for Rollins Inc. (Amounts to be deducted should be indicated with a minus sign.)

Practice Test #2 - Chapters 4, 5, & 6 (Optional - No Credit) Saved The trial balance of Rollins Inc. included the following accounts as of December 31, 2021: Debits Credits 6,900,000 45,000 15,000 190,000 eBook 310,000 Sales revenue Interest revenue Loss on sale of investments Loss on debt investments Gain on projected benefit obligation Cost of goods sold Selling expense Restructuring costs Interest expense General and administrative expense Print 5,300,000 500,000 230,000 15,000 400,000 References The loss on debt investments represents a decrease in the fair value of debt securities and is classified as part of other comprehensive income. Rollins had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a 2021 separate statement of comprehensive income for Rollins Inc. (Amounts to be deducted should be indicated with a minus sign.) ROLLINS INC. Statement of Comprehensive Income For the Year Ended December 31, 2021 Net income Other comprehensive income (net of tax) Total other comprehensive income Comprehensive income Practice Test #2 - Chapters 4, 5, & 6 (Optional - No Credit) Saved The trial balance of Rollins Inc. included the following accounts as of December 31, 2021: Debits Credits 6,900,000 45,000 15,000 190,000 eBook 310,000 Sales revenue Interest revenue Loss on sale of investments Loss on debt investments Gain on projected benefit obligation Cost of goods sold Selling expense Restructuring costs Interest expense General and administrative expense Print 5,300,000 500,000 230,000 15,000 400,000 References The loss on debt investments represents a decrease in the fair value of debt securities and is classified as part of other comprehensive income. Rollins had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a 2021 separate statement of comprehensive income for Rollins Inc. (Amounts to be deducted should be indicated with a minus sign.) ROLLINS INC. Statement of Comprehensive Income For the Year Ended December 31, 2021 Net income Other comprehensive income (net of tax) Total other comprehensive income Comprehensive income