Presented below are 11 income statement items from Braun Company for the year ended December 31, 2017. $2,700,000 1,150,000 15,000 45,000 28,000 290,000 190,000 Sales revenue Cost of goods sold...

Prepare condensed multiple-step income statement and compute comprehensive income (Assuming Braun had an unrealized holding loss on available for sale debt investment, net of tax $12,000)

Tax Rate 30%

Outstanding common Stock 100,000

Extracted text: Presented below are 11 income statement items from Braun Company for the year ended December 31, 2017. $2,700,000 1,150,000 15,000 45,000 28,000 290,000 190,000 Sales revenue Cost of goods sold Interest revenue Loss from abandonment of plant assets Gain from extinguishment of debt Selling expenses Administrative expenses Effect of change in estimated useful lives of fixed assets (included in administrative expenses) Loss from earthquake Gain on disposal of discontinued operation 35,000 30,000 50,000