Question: please show the math and process so I can better understand this The trial balance for Lindor Corporation, a manufacturing company, for the year ended

please show the math and process so I can better understand this

please show the math and process so I can better understand this

The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016, included the following income accounts: Account Title Debits Credits Sales revenue 2,400,000 Cost of goods sold 1,440,000 Selling and administrative expenses 416,000 Interest expense 44,000 Unrealized holding gains on investment securities 84,000 The trial balance does not include the accrual for income taxes. Lindor's income tax rate is 40%. 1.4 million shares of common stock were outstanding throughout 2016. Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2016, including appropriate EPS disclosures. (Round EPS answers to 2 decimal places.) LINDOR CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2016 0 0 Sales revenue Cost of goods sold Gross profit Operating expenses Selling and administrative expenses Operating income Other income (expense) Interest expense Income before income taxes Income tax expense Net income Other comprehensive income Unrealized holding gains on investment securities, net of tax Comprehensive income Earnings per share: Net income 0 S 0

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