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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 $ 5,300,000 37,000 $ 15,000 126,000 Gain on projected benefit obligation 230,000 3,860,000 Selling expense Restructuring costs Interest expense 340,000 150,000 General and administrative expense 15,000 240,000 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 single, continuous statement of comprehensive income for Rollins Incorporated. Use a multiple-step income statement format. Note: Round Earnings per share answer to 2 decimal places. Gross profit Operating expenses: Total operating expenses Operating income Other income (expense): ROLLINS INCORPORATED Statement of Comprehensive Income For the Year Ended December 31, 2024 Total other income, net Income before income taxes Other comprehensive income (net of tax): Total other comprehensive income Comprehensive income Earnings per share 0 0 0
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