(Solution) - Suppose Whitney Cycles Inc reported a number of special items -(2025 Original AI-Free Solution)

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Suppose Whitney Cycles, Inc., reported a number of special items on its income statement. The following data, listed in no particular order, came from Whitney?s financial statements (amounts in thousands):

1. Show how the Whitney Cycles, Inc., income statement for the year ended September 30, 2012, should appear. Omit earnings per share.
2. Prepare the Statement of Comprehensive Income for Whitney Cycles, Inc., for the year ended September 30,2012.