Question

The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016,...

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 2,500,000
  Cost of goods sold 1,490,000  
  Selling and administrative expenses 421,000  
  Interest expense 49,000  
  Unrealized holding gains on investment securities 89,000

The trial balance does not include the accrual for income taxes. Lindor's income tax rate is 30%. 1.5 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.)

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