3 Steps

a. Prepare a single step income statement b. Prepare a multiple step income statement c. Prepare a comprehensive income statement Sales revenue Loss from discontinued operations (pre-tax) Cost of goods sold Salaries and wages expense Depreciation expense Dividend revenue Utilities expense Rent revenue Interest expense Sales returns and allow. Advertising expense Non-controlling interests Change in unrealized gains (OCI, pre-tax) 5,800,000 500,000 2,800,000 410,000 260,000 30,000 25,000 100,000 25,000 58,000 29,000 60,000 55,000 The tax rate for Colorado Co. is 20%. The average number of shares outstanding is 100,000 The average shares outstanding is 100,000