Steven Stores, Inc. provided the following statement of net income for the current year. All income is subject to a 40% income tax rate.

The company also had $ 735 of unrealized holding gains on its available- for- sale investment portfolio. Prepare a statement of comprehensive income using the one- statement approach. .

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Steven Stores, Inc. Statement of Net Income For the Year Ended December 31 Sales Less: Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses General and Administrative Expenses $12,000 4,000) $8,000 $ 3,500 1,500 (5,000) $3,000 (1,200) $ 1,800 Total Operating Expenses Operating Income Income Tax Expense Net Income