Use the data on the following page (adjusted trial balance) to create

a) a multi-step combined statement of net income and comprehensive income

b) a statement of stockholders equity, and

c) a classified balance sheet.

The company is subject to a 20% income tax rate.

DR nts Pa unts Receivable um Other C De 12 Buildi Bonds Payable Cash Cash Equivalents Common Stock 500 125000 100000 Co hts ost of Goods Sold Debt Service Fund Deferred Pension Asset Deferred Tax Asset Loss on Operations of Discontinued Itenm 250000 125000 net of tax savings 240000 25000 Franchise Rights Gain on sale of Discontinued Operations 160000 25000 70000 net of tax costs Gain on Sale of Equipment Gain on foreign currency translation eneral Administrative Expenses 100000 Goodwill 15000 nterest Expense 25000 nterest Payable 150000 225000 400000 500000 Inventor Land Land for Future Use Long-Term Investments 515000 Long-term Note Payable 22500 Unrealized loss on available for sale securities 46000 Unrealized gain on derivatives 115000 90000 678000 Loan Receivable from Company Officers Loss on Sale of Investment Machinery & Equipment Mortgage Payable 900000 500000 Paid-In Capital in Excess of Par Commorn Paid-In Capital in Excess of Par- Preferred 54000 Patents 100000 Preferred Stock, $100 par, 4% 48000 150000 Prepaid Insurance R&D Expenses Retained Earnings Sales Revenue Sales Discounts Sales Returns and Allowances Selling Expenses Short-Term Investment Taxes Payable rademark 761000 1005000 41500 50000 223000 95000 40000 40000 5592000 5592000