1. An inexperienced accountant for Martinez Corp. showed the following in the income statement: net income $215,970 and unrealized gain on available-for-sale securities (before taxes) $93,000. The unrealized gain on available-for-sale securities subject to a 31% tax rate. Prepare a correct statement of comprehensive income.

MARTINEZ CORP. Partial Statement of Comprehensive Income
select a comprehensive income item DividendsExpensesNet Income / (Loss)Retained EarningsRevenueTotal ExpensesTotal RevenuesIncome Tax ExpenseOther Comprehensive IncomeUnrealized Gain on Available-for-Sale SecuritiesIncome Before Income TaxesComprehensive IncomeUnrealized Loss on Available-for-Sale Securities		$enter a dollar amount
select an opening section name DividendsExpensesNet Income / (Loss)Retained EarningsRevenueTotal ExpensesTotal RevenuesIncome Tax ExpenseOther Comprehensive IncomeUnrealized Gain on Available-for-Sale SecuritiesIncome Before Income TaxesComprehensive IncomeUnrealized Loss on Available-for-Sale Securities
select a comprehensive income item DividendsExpensesNet Income / (Loss)Retained EarningsRevenueTotal ExpensesTotal RevenuesIncome Tax ExpenseOther Comprehensive IncomeUnrealized Gain on Available-for-Sale SecuritiesIncome Before Income TaxesComprehensive IncomeGain on Available-for-Sale Securities		enter a dollar amount
select a closing name for this statement DividendsExpensesNet Income / (Loss)Retained EarningsRevenueTotal ExpensesTotal RevenuesIncome Tax ExpenseOther Comprehensive IncomeUnrealized Holding Gain on Available-for-Sale SecuritiesIncome Before Income TaxesComprehensive Income		$enter a total amount for this statement

2. For its fiscal year ending October 31, 2022, Indigo Corporation reports the following partial data.

Income before income taxes		$624,000
Income tax expense (24% $471,000)		113,040
Income from continuing operations		510,960
Loss on discontinued operations		117,900
Net income		$393,060

The loss on discontinued operations was comprised of a $38,200 loss from operations and a $79,700 loss from disposal. The income tax rate is 24% on all items. Prepare a correct partial income statement beginning with income before income taxes.

INDIGO CORPORATION Partial Income Statement choose the accounting period For the Month Ended October 31, 2022For the Year Ended October 31, 2022October 31, 2022
select an income statement item ExpensesDiscontinued OperationsLoss on DisposalRevenueIncome from Continuing OperationsRetained EarningsLoss from OperationsNet Income / (Loss)Other Comprehensive IncomeTotal RevenuesIncome Tax ExpenseTotal ExpensesIncome Before Income TaxesDividendsComprehensive IncomeUnrealized Holding Loss of Available-for-Sale Securities				$enter a dollar amount
select an income statement item ExpensesTotal ExpensesIncome Before Income TaxesRetained EarningsUnrealized Holding Loss of Available-for-Sale SecuritiesComprehensive IncomeRevenueIncome Tax ExpenseLoss from OperationsNet Income / (Loss)Income from Continuing OperationsLoss on DisposalTotal RevenuesOther Comprehensive IncomeDiscontinued OperationsDividends				enter a dollar amount
select a summarizing line for the first part ExpensesNet Income / (Loss)Loss from OperationsRevenueIncome Tax ExpenseTotal RevenuesRetained EarningsOther Comprehensive IncomeDividendsLoss on DisposalUnrealized Holding Loss of Available-for-Sale SecuritiesDiscontinued OperationsComprehensive IncomeTotal ExpensesIncome from Continuing OperationsIncome Before Income Taxes				enter a total amount for the first part
select an opening section name Loss on DisposalNet Income / (Loss)ExpensesComprehensive IncomeDividendsDiscontinued OperationsIncome from Continuing OperationsRetained EarningsRevenueOther Comprehensive IncomeTotal RevenuesIncome Tax ExpenseTotal ExpensesLoss from OperationsUnrealized Holding Loss of Available-for-Sale SecuritiesIncome Before Income Taxes
select an income statement item Income from Continuing OperationsDiscontinued OperationsIncome Tax ExpenseComprehensive IncomeRevenueRetained EarningsIncome Before Income TaxesOther Comprehensive IncomeUnrealized Holding Loss of Available-for-Sale SecuritiesExpensesNet Income / (Loss)DividendsTotal RevenuesLoss from OperationsTotal ExpensesLoss on Disposal		$enter a dollar amount
select an income statement item DividendsLoss on DisposalRevenueDiscontinued OperationsUnrealized Holding Loss of Available-for-Sale SecuritiesTotal ExpensesIncome from Continuing OperationsTotal RevenuesNet Income / (Loss)Other Comprehensive IncomeIncome Tax ExpenseIncome Before Income TaxesLoss from OperationsComprehensive IncomeRetained EarningsExpenses		enter a dollar amount
				enter a subtotal of the two previous amounts
select a closing name for this statement Income Before Income TaxesLoss from OperationsIncome from Continuing OperationsOther Comprehensive IncomeDividendsIncome Tax ExpenseTotal RevenuesComprehensive IncomeUnrealized Holding Loss of Available-for-Sale SecuritiesRetained EarningsExpensesRevenueLoss on DisposalDiscontinued OperationsTotal ExpensesNet Income / (Loss)				$enter a total net income or loss amount

3. Here is the income statement for Marin Inc.

MARIN INC. Income Statement For the Year Ended December 31, 2022
Sales revenue		$425,500
Cost of goods sold		240,400
Gross profit		185,100
Expenses (including $12,000 interest and $26,000 income taxes)		75,420
Net income		$ 109,680

Additional information:

1.		Common stock outstanding January 1, 2022, was 26,300 shares, and 36,100 shares were outstanding at December 31, 2022.
2.		The market price of Marin stock was $13.94 in 2022.
3.		Cash dividends of $25,536 were paid, $3,600 of which were to preferred stockholders.

Compute the following measures for 2022. (Round earnings per share to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%)

(a)		Earnings per share		$Enter earnings per share in dollars rounded to 2 decimal places
(b)		Price-earnings ratio		Enter price-earnings ratio in times rounded to 1 decimal place	times
(c)		Payout ratio		Enter payout ratio in percentages rounded to 1 decimal place	%
(d)		Times interest earned		Enter times interest earned rounded to 1 decimal place	times