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The trial balance of Rollins Incorporated included the following accounts as of December 31, 2024: Debits Sales revenue Interest revenue Loss on sale of
The trial balance of Rollins Incorporated included the following accounts as of December 31, 2024: Debits Sales revenue Interest revenue Loss on sale of investments Loss on debt investments Cost of goods sold Credits $ 5,900,000 40,000 $ 10,000 160,000 Gain on projected benefit obligation 260,000 4,400,000 Selling expense Restructuring costs Interest expense 400,000 190,000 General and administrative expense 20,000 300,000 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 2024 separate statement of comprehensive income for Rollins Incorporated. Note: Amounts to be deducted should be indicated with a minus sign. ROLLINS INCORPORATED Statement of Comprehensive Income For the Year Ended December 31, 2024 Net income Other comprehensive income (net of tax): Total other comprehensive income Comprehensive income
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