1. On June 30, Concord Corporation discontinued its operations in Mexico. During the year, the operating income was $218,000 before taxes. On September 1, Concord disposed of the Mexico facility at a pretax loss of $600,000. The applicable tax rate is 27%. Show the Income from operations of Mexican Facility section of Concord's of income statement.

CONCORD CORPORATION Partial Income Statement
select an opening section name DividendsExpensesNet Income / (Loss)Retained EarningsRevenueTotal ExpensesTotal RevenuesIncome from Operations of Mexican FacilityLoss on Disposal of Mexico FacilityGain on Disposal of Mexico FacilityGain from Operations of Mexican FacilityLoss from Operations of Mexican FacilityDiscontinued Operations
select an income statement item DividendsExpensesNet Income / (Loss)Retained EarningsRevenueTotal ExpensesTotal RevenuesIncome from Operations of Mexican FacilityLoss on Disposal of Mexico FacilityGain on Disposal of Mexico FacilityGain from Operations of Mexican FacilityLoss from Operations of Mexican FacilityDiscontinued Operations	$enter a dollar amount
select an income statement item DividendsExpensesNet Income / (Loss)Retained EarningsRevenueTotal ExpensesTotal RevenuesIncome from Operations of Mexican FacilityLoss on Disposal of Mexico FacilityGain on Disposal of Mexico FacilityGain from Operations of Mexican FacilityLoss from Operations of Mexican FacilityDiscontinued Operations	enter a dollar amount
		$enter a total of the two previous amounts

2. 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

3. Using these data from the comparative balance sheet of Crane Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)

						Increase or (Decrease)
		Dec. 31, 2022		Dec. 31, 2021		Amount		Percentage
Accounts receivable		$ 489,060		$ 429,000		$enter a dollar amount		enter percentages rounded to 0 decimal places	%
Inventory		$ 731,250		$ 625,000		$enter a dollar amount		enter percentages rounded to 0 decimal places	%
Total assets		$3,069,150		$2,765,000		$enter a total amount		enter percentages rounded to 0 decimal places	%