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Business, 26.03.2021 03:20 deanlmartin

The trial balance of XYZ Inc. included the following accounts as of December 31, 2021: Debits Credits Sales revenue5,900,000 Interest revenue40,000 Unrealized Loss on debt investments 160,000 Cost of goods sold4,400,000 Selling expense400,000 Restructuring costs190,000 Income Tax on Continuing Operations 50,000 Income Tax benefit on Discontinued Operations 25,000 Interest expense20,000 General and administrative expense300,000 Loss from Discontinued Operations 100,000 Prepare the Single step Income Statement and Statement of Comprehensive income for 2021.

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