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Crane Corporation has income from continuing operations of $ 2 3 4 , 9 0 0 for the year ended December 3 1 , 2

Crane Corporation has income from continuing operations of $234,900 for the year ended December 31,2025. It also has the
following items (before considering income taxes).
An unrealized loss of $64,800 on available-for-sale securities.
A gain of $24,300 on the discontinuance of a division (comprised of a $8,100 loss from operations and a $32,400 gain on
disposal).
Assume all items are subject to income taxes at a 20% tax rate.
Prepare a partial income statement, beginning with income from continuing operations.
CRANE CORPORATION
Income Statement (Partial)
Prepare a statement of comprehensive income.
CRANE CORPORATION
Statement of Comprehensive Income
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