Answer:
$638,000
Explanation:
Preparation of a separate statement of comprehensive income .
O’REILLY BEVERAGE COMPANYStatement of Comprehensive IncomeFor the Year Ended December 31, 2013
Net income (loss) $650,000
Other comprehensive income (loss):
Deferred gain (loss) on derivatives, net of tax($36,000)
[$60,000-($60,000*40%)]
Unrealized gains (losses) on investment securities, net of tax $24,000
[$40,000-($40,000*40%)]
Total other comprehensive income (loss)($12,000)
($36,000-$24,000)
Comprehensive income (loss)$638,000
($650,000-$12,000)
Therefore the separate statement of comprehensive income will be $638,000
