The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31,...
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Accounting
The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2018, 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 2018. Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2018, including appropriate EPS disclosures. (Round EPS answer to 2 decimal places.)
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