Please answer competely The trial balance of Kroeger Inc. Included the following accounts as of December 31, 2021Credita6,260,00066,000126,000141,000DetitsSales rereueInternst evenueGain on sele of investnentaGain on deit securitiesLoss on projected benefit chligationCost of gooda soldSalling expenseGoodwili inpairnent lees.166,0006,040,000660, 000470,00036,00050, 000Intarent expenseGeneral and adninistratire espenseThe gain on debt securities represents the increase in the foir value of debt securities and is classified a component of othercomprehensive income. Kroeger had 300.000 shares of stock outstanding throughout the year Income tax expense has not yet beenrecorded. 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.Sutament of Conprstensive incomeFor the Year Endet Decentier 31, 2021Groes proftOperating expermen er 3 and 4 AFor the Year Ended December 31, 2021Gross profitOperating expenses:Total operating expensesOperating incomeOther income (expense):Total other income, netIncome before income taxesNet income (loss)Other comprehensive income (net of tax):Total other comprehensive income (loss)Comprehensive incomeEarnings per share

Solution:- Preparation of 2021 single continues statement of comprehensive income for Kroeger Inc.…

Answered: Credite 1,240,000 66.000 126,000…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 3SEQ

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