Chapter 4, Problem 4.4E

Multiple-step continuous statement of comprehensive income

• LO4–1, LO4–5, LO4–6

The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2018, included the following income accounts:

Account Title	Debits	Credits
Sales revenue		2,300,000
Cost of goods sold	1,400,000
Selling and administrative expenses	420,000
Interest expense	40,000
Unrealized holding gains on investment securities		80,000

The trial balance does not include the accrual for income taxes. Lindor’s income tax rate is 30%. One million shares of common stock were outstanding throughout 2018.

Required:

Prepare a single, continuous multiple-step statement of comprehensive income for 2018, including appropriate EPS disclosures.