Question: All one question just with steps A and step B. Thanks, will upvote! Problem 3-57 The following pretax amounts are taken from the adjusted trial

All one question just with steps A and step B. Thanks, will upvote! All one question just with steps A and step B. Thanks,
will upvote! Problem 3-57 The following pretax amounts are taken from the

Problem 3-57 The following pretax amounts are taken from the adjusted trial balance of Gomez Corp. at December 3I, its an- Preparing a Statement of Comprehensive nual year-end. Income and a Staternent of Stockholders' Equity LO5, 6 Other information: - Assume an average 25% corporate tax rate on all items. - Assume no changes in common stock during the year. - Accumulated other comprehensive income had a $40,000 credit balance on December 31 of the prior year. Retained earnings had a $387,000 credit balance on December 31 of the prior year. - Dividends declared and paid during the year were $50,000. Required a. Prepare two separate but consecutive statements of income and comprechensive income for the current year. Ignore earnings per share disclosures. b. Prepare a statement of stockholders' equity for the current year. Problem 3.57 The following pretax amounts are taken from the adjusted trial balance of Gomez Corp. at December 31 , its an- Preparing a Statement nual year-end. of Comprehensive income and a Staternent of Stockholders' Equity LO5, 6 Other information: Assume an average 25% corporate tax rate on all items. Assume no changes in common stock during the year. Accumulated other comprehensive income had a $40,000 credit balance on December 3 I of the prior year. Retained earnings had a $387,000 credit balance on December 31 of the prior year. - Dividends declared and paid during the year were $50,000. Required a. Prepare two separate but consecutive statements of income and comprehensive income for the current year. Ignore carnings per share disclosures. b. Prepare a statement of stockholders' equity for the current year

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