\begin{tabular}{|l|c|} \hline Impairment of discontinued operations & (390.000) \\ \hline Unrealized gain on available for sale securities & 175.000 \\ \hline Unrealized loss on trading securities & 160.000 \\ \hline \end{tabular} Case 45: Income statement and effect on real accounts The following table lists pretax amounts of income-related items for Ranger Corp, at 12/31/x8: A. Prepare a multistep income statement and determine each of the following subtotals for 208 using the information above. Apply a 40% effective tax rate where applicable: B. Assume that Ranger Corp, declared common dividends of $55,000 and preferred dividends of $75,000 during the year. Provide the 12/31/x8 balance of both accounts after all closures are performed for the period and disclose whether each balance is a debit or credit balance. C. If the company had 1,000,000 common shares outstanding during the entire year, provide the required EPS disclosures that would appear on the income statement