Question: Paxdot Labs provided the following partial-trial balance for the current year. Beginning with the line item Operating Income, prepare a statement of comprehensive income for

Paxdot Labs provided the following partial-trial balance for the current year. Beginning with the line item Operating Income, prepare a statement of comprehensive income for the year ended December 31. Paxdot is subject to a 40% income tax rate.

 

Paxdot Labs

Partial Trial Balance (Selected Accounts)

For the Year Ended December 31

 

Accounts

Debit

Credit

Operating Income

 

$233,000

Dividend Income

 

24,680

Gain on Sale of Discontinued Operations

 

37,010

Unrealized Gain on Trading Investments

 

37,260

Gain on Foreign Currency Translation

 

29,970

Loss on Asset Impairment

23,030

 

Loss from Discontinued Operations

15,420

 

Unrealized Loss on Available-for-Sale Investments

18,340

 

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