Clark Companys accountant reported income from continuing operations

before extraordinary item of $725,000 for the year ended 2013. The companys

income tax rate is 30%. The accountant also identified the following transactions that

occurred in 2013:

Due to an incorrect entry, cost of goods sold was overstated by $100,000 in the

year 2012.

The company has one of their operating divisions up for sale. The division

qualifies as a component of the entity according to GAAP. The fair value and

book value of the assets is $1,500,000 and $1,250,000, respectively. In

addition, there was a loss from operations of $400,000 for the year 2013.

Unrealized losses on securities held for sale amounted to $120,000.

What is the amount of comprehensive income that will be reported by Clark?

a. $431,000.

b. $388,500.

c. $361,000.

d. $431,000.

e. $318,500.

f. $402,500.

g. $536,000.

h. None of the above