The two companies’ income statements disclose the aggregate financial results of these activities and include comparative information for the 2008,2007, and 2006 fiscal years. (see Exhibits 6.1 and 6.2) The SEC requires all companies to provide three-tear comparative income statements and two –year comparative balance sheets. Consequently, most publicly held companies also provide similar data in their annual reports. The components of the traditional income statement exclusive of the elements of other comprehensive income are discussed in the following paragraphs. The elements of other comprehensive income are discussed later in the chapter.