Credite 1,240,000 66.000 126,000 143,000 Debits Balos sereoue Internst revenue GAin on sele of investnenta Gain on deit securities Loss on projected besefit chligation Cost of gooda sold Salling expense Goodwill npaireent loes. Intarent expense Ceneral and adniniatratire espen 166,000 5,040,000 660, 000 470,000 36,000 560,000 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 single. continuous statement of comprehensive income for Kroeger inc. Use a multiple-step income statement format. (Amounts to be deducted should be indicated witha minus sign. Round Earnings per share answer to 2 decimal places KROEGER INC Stutament of Conprshensive income For tie Year Endet Decentier 31, 2025
Credite 1,240,000 66.000 126,000 143,000 Debits Balos sereoue Internst revenue GAin on sele of investnenta Gain on deit securities Loss on projected besefit chligation Cost of gooda sold Salling expense Goodwill npaireent loes. Intarent expense Ceneral and adniniatratire espen 166,000 5,040,000 660, 000 470,000 36,000 560,000 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 single. continuous statement of comprehensive income for Kroeger inc. Use a multiple-step income statement format. (Amounts to be deducted should be indicated witha minus sign. Round Earnings per share answer to 2 decimal places KROEGER INC Stutament of Conprshensive income For tie Year Endet Decentier 31, 2025
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer competely
Transcribed Image Text:The trial balance of Kroeger Inc. Included the following accounts as of December 31, 2021
Credita
6,260,000
66,000
126,000
141,000
Detits
Sales rereue
Internst evenue
Gain on sele of investnenta
Gain on deit securities
Loss on projected benefit chligation
Cost of gooda sold
Salling expense
Goodwili inpairnent lees.
166,000
6,040,000
660, 000
470,000
36,000
50, 000
Intarent expense
General and adninistratire espense
The gain on debt securities represents the increase in the foir 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 single, continuous statement of comprehensive income for Kroeger inc. Use a multiple-step income statement format
(Amounts to be deducted should be indicated with a minus sign. Round Earnings per share answer to 2 decimal places.)
KROEGER INC.
Sutament of Conprstensive income
For the Year Endet Decentier 31, 2021
Groes proft
Operating expermen
Transcribed Image Text:er 3 and 4 A
For the Year Ended December 31, 2021
Gross profit
Operating expenses:
Total operating expenses
Operating income
Other income (expense):
Total other income, net
Income before income taxes
Net income (loss)
Other comprehensive income (net of tax):
Total other comprehensive income (loss)
Comprehensive income
Earnings per share
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