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Carla Vista Corporation has income from continuing operations of $254,000 for the year ended December 31. 2022. It also has the following items (before considering
Carla Vista Corporation has income from continuing operations of $254,000 for the year ended December 31. 2022. It also has the following items (before considering income taxes). 1. An unrealized loss of 577,000 on available-for-sale securities. 2. A gain of $27,000 on the discontinuance of a division (comprised of a $15,000 loss from operations and a $42,000 gain on disposal). Assume all items are subject to income taxes at a 20% taxrate. Prepare a partial income statement, beginning with income from continuing operations, and a statement oftomprehensive income for the year ended December 31,2022. (Enter loss using either a negotive sign preceding the number eg - 2,945 or porentheses eg. (2,945)
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