Presented below is a combined single$-$step income and retained earnings statement for Hardrock

Mining Co$.$ for $20$X$1.$

Additional facts gleaned from notes to Hardrock's financial statements follow $($dollar amounts

in thousands$)$:

a$.$ Other, net for $20$X$1$ included a corporate restructuring charge of $$8,777$ and a pre$-$tax

profit of $$12,000$ on discontinued operations. The remainder of the category is

composed of investment losses.

b$.$ Marketing, administrative, and other expenses for $20$X$1$ included a loss on currency

translation of $$55.$

c$.$ All of these transactions were subject to Hardrock's income tax rate of $21\%.$

d$.$ Hardrock disclosed earnings per share data only in the notes to the financial statements.

The company had $10,000,000$ shares of common stock outstanding throughout $20$ X $1.$

$E2-5$

Preparing a multiple$-$step

income statement

Showing operating expense from non operating expense and be careful for all details mention on loss currency that is icluded and be careful when calculating investment loss