roblem $4-7($Algo$)$ income statement presentation; statement of comprehensive income; unusual ite LO$4-4,4-3,4-4,4-5,4-6]$

The following ine ome satement items appeated on the adjusted thal balance of sehembri Manufacluring Corporation for the year ended December $31,2024(\%$ in thousands$)$ sales revenue, $4\mathrm{.}26,100,$ cost of goods sold, $$6,100,$ selling expenses, $$1,350,$ genera deministrative expenses, $$860,$ interest tevente, $$200,$ interest expense, $$230,$ income taxes have not yet been recorded the tatement evey yeat. The company's controlle, however, has asked for your help in determining the approprlate freatment of the ollowing nonrectring transactions that also o$$urred during $2024($$ in thousands$).$ All transactions are material in amount.

Investments wete sotd during the year at a loss of $$210.$ Schembil also had an unrealized gain of $$380$ for the year on investments in debt securities that qualify as components of comprehensive income.

One of the company's factortes was closed during the year. Restructuring costs incured were $$1,700.$

During the yeat, Schembri completed the sale of one of its operating divisions that qualifies as a component of the entity according to GAAP. The division had incurred a loss from operations of $$540$ in $2024$ prior to the sate, and its assets were sil a gain of $$1,500.$

In $2024,$ the company's accountant discovered that deprectation expense in $2023$ for the office building was understated b$)$ $$250.$ The amount is considered material.

Negative foreign currency translation adjustment for the year totaled $$300.$

Required:

Prepare Schembri's single, continuous multiple step statement of comprehensive income for $2024,$ including eamings per s disclosures. There were $1,000,000$ shares of common stock outstanding at the beginning of the year and an additional $400,$ shares wete isstied on July $1,2024.$

Prepare a separate statement of comprehensive income for $2024.$

Proy

$1$ of $1$

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