ACC 301-The trial balance of Rollins Inc. included the following
27. The trial balance of Rollins Inc. included the following accounts as of December 31, 2016: DebitsCreditsSales revenue5,900,000Interest revenue40,000Loss on sale of investments10,000Unrealized losses on investments150,000Foreign currency translation gains260,000Cost of goods sold4,400,000Selling expenses400,000Restructuring costs180,000Interest expense20,000General and administrative expenses300,000 Rollins had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 40%. Required: Prepare a 2016 single, continuous statement of comprehensive income for Rollins Inc. Use a multiple-step income statement format.
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