Question: HELP PLEASE!!!!!! Proctoring Enabled: First Test Help Save & Exit The trial balance of Kroeger Inc, included the following accounts as of December 31, 2021


Proctoring Enabled: First Test Help Save & Exit The trial balance of Kroeger Inc, included the following accounts as of December 31, 2021 11 Debit Credits 8,320,000 58.000 110,000 139.000 16 points Sales revenue Interest ravende Gain on wale of investments Gain on dobt securities Loss on projected benefit obligation cost of goods sold Selling expense Goodwill impairment loca Tatereat expense General and administrative expense 0228:14 158,000 6,122,000 720,000 510,000 28,000 480,000 eBook The gain on debt securities represents the increase in the fair value of debt securities and is classified a component of other comprehensive Income. Kroeger had 300,000 shares of stock outstanding throughout the year. Income tax expense has not yet been recorded. The effective tax rate is 25%. Required: Prepare a 2021 single, continuous statement of comprehensive income for Kroeger Inc. Use a multiple-step Income statement format (Amounts to be deducted should be indicated with a minus sign. Round Earnings per share answer to 2 decimal places.) KROEGER INC Statement of Comprehensive Income For the Year Ended December 31, 2021 Gross profit Operating expenses Proctoning Enabled: First Test Sed Help Save & Exit Su General and administrative expense 480,000 11 The gain on debt securities represents the increase in the fair value of debt securities and is classified a component of other comprehensive income. Kroeger had 300,000 shares of stock outstanding throughout the year. Income tax expense has not yet been recorded. The effective tax rate is 25% Required Prepare a 2021 single, continuous statement of comprehensive income for Kroeger inc. Use a multiple-step income statement format, (Amounts to be deducted should be indicated with a minus sign. Round Earnings per share answer to 2 decimal places.) 6 mounts 8 02:03 KROEGER INC Statement of Comprehensive income For the Year Ended December 31, 2021 Book Gross profil Operating expenses Total operating expenses Operating income Other income (expanse) D 0 Total other income, net Income before income taxes 0 Proctoring Enabled: First Test Saved 11 KROEGER INC Statement of Comprehensive Income For the Year Ended December 31, 2021 16 point Gross profit Operating expenses 02:22:52 Total operating expenses Operating income Other income (expense) OO eBook 0 Total other income, net Income before income taxes 0 Net income (oss) Other comprehensive income (net of tax): Total other comprehensive income () Comprehensive income Earings per share C aw
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