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Duke Company's records show the following account balances at December 31, 2021:
Sales revenue $17,400,000
Cost of goods sold 10,200,000
General and administrative expense 1,120,000
Selling expense 620,000
Interest expense 820,000
Income tax expense has not yet been determined. The following events also occurred during 2021. All transactions are material in amount.
Required:
Question 1: single, continuous multiple-step statement of comprehensive income for 2021. The company's effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income should be displayed net of tax. Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.)
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