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Company A

December $31,2021$ Account Balances

Sales revenue

Cost of goods sold

General and administrative expense

Selling expense

Interest expense

Additional information:

$\backslash$table$[[$Restructuring costs due to plant closings,$$,600,000],[$Inventory written off as obsolete,$$,800,000],[$Understatement of $2020$ depreciation expe,$$,100,000],[$Foreign currency translation adjustment lc$,$$$,400,000],[$Unrealized gain on debt securities$,$$$,360,000],[$Effective tax rate,,$25\%]]$

DIRECTIONS

Company A$\text{'}$s records show the account balances as of December $31,2021.$ Prepare a single, continuous multiple$-$step statement of comprehensive income for $2021.$ The company's effective tax rate on all items affecting income is $25\%.$ Each component of comprehensive income should be displayed net of tax. Include headings for each classification $($see the Accounts tab for reference$).$ Ignore Earnings per Share $($EPS$)$ disclosures. You only need to fill out the yellow cells.

Additional information

$$600,000$ in restructuring costs were incurred in connection with plant closings.

Inventory costing $$800,000$ was written off as obsolete. Material losses of this type are considered to be unusual.

Raleigh discovered that depreciation expense for $2020$ was understated by $$50,000$ due to a mathematical error.

The company experienced negative foreign currency translation adjustment of $$200,000$ and had an unrealized gain on debt securities of $$1$