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1. 2. An unrealized loss of $87,000 on available-for-sale securities. A gain of $40,700 on the discontinuance of a division (comprised of a $7.400

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1. 2. An unrealized loss of $87,000 on available-for-sale securities. A gain of $40,700 on the discontinuance of a division (comprised of a $7.400 loss from operations and a $48,100 gain on disposal). Assume all items are subject to income taxes at a 20% tax rate. Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income. FLINT CORPORATION Partial Income Statement For the Year Ended December 31, 2022 Income from Continuing Operations Discontinued Operations Loss from Operations Gain from Disposal Net Income/(Loss) Net Income/(Loss) $ FLINT CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2022 Other Comprehensive Income Unrealized Holding Loss of Available-for-Sale Securities Comprehensive Income $ -69600 i $ 389000 Il

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